Rolling coverage of the latest economic and financial news
Stock markets across the Asia-Pacific region are mixed today, as investors take events in the Middle East in their stride
Japan’s Nikkei 225 index has dipped by 0.17%, while Australia’s S&P/ASX 200 index has lost 0.35%.
Global equities will likely remain under pressure at the open – but judging by how oil prices reacted to the weekend news, the selloff could remain relatively soft compared with the heaviness of the headlines.
S&P futures [the US stock market] are down about 0.30% – they’re behaving like a normal Monday. And that, I find extremely interesting. It really feels like markets have become increasingly unreactive to the news. The lack of reaction is fascinating.
“The currency markets will be at the mercy of comments and actions from the Iranian, Israeli and U.S. governments.
The risks are clearly skewed to further upside in the safe haven currencies if the parties escalate the conflict.”