Market Comment | US-Iran seem to avoid a major conflict

Summary

Financial markets recovered, after swinging sharply due to Iran's attack, as the U.S and Iran seem to avoid a broader conflict. S&P hit new record high.

Key points

• Key points:
• Iran launched an attack against a U.S. military base in Iraq, while the U.S. announced further economic sanctions against them.
• U.S. yields declined sharply during Asian session but managed to recover.
• Economic confidence improved in the Eurozone, while labour markets remained robust in the US.
• Brent oil prices finished European fell around $66 after surging above $70 per barrel in Asia.

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