The Fuse
Equity futures are getting hammered following an ‘update’ from President Trump on the war with Iran. Nothing new really transpired other than 2-3 weeks more of bombing. Oil prices are up significantly and could push through those highs from a couple weeks ago.
European stocks were lower overnight, the STOXX down 1.2% on heavier trade led down by losses in France and Germany. FTSE was down .6%, gold is getting pounded as is silver, crude oil ripping higher by 8%. US dollar index up .5%. Yields are rising, the 10 YR US treasury up 5bps, German bund yields higher by 4bps. In Asia, Japan was hit, down 2.4%, Hong Kong down 1% while Shanghai lost .7%.
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