The major US indices are set to open lower after Israelis strikes against Iran’s nuclear facilities and nuclear scientists and military leaders. Iran in a letter to the UN. Counsel said that they will respond decisively and proportionally to the attacks.
In premarket trading, the futures are employing lower levels for the major indices. Currently,
Dow industrial average -472 pointsS&P index -61 pointsNASDAQ index -292 point
So far the US has not been involved, but stands by Israel.
Pres. Trump on Truth Social said:
He also posted:
US yields remain higher with a two year up 3.5 basis points at 3.941% while the 10 year yield is trading up 3.0 basis points to 4.386%. There is no flight to safety flows into US debt instruments.
Crude oil is sharply higher with the price up $4.09 at $72.91. Gold is now up $55 or 1.62% at $3440. Flow funds seems to be heading into commodities.
This article was written by Greg Michalowski at www.forexlive.com.