Global Markets Turn Cautious on Middle East Tensions

Global markets turned more cautious overnight as renewed geopolitical concerns weighed on sentiment. The S&P 500 declined 0.52% to 7,745.06, the Nasdaq slipped 0.32% to 26,644.91, and the Dow Jones fell 0.51% to 53,459.78. Investors grew wary ahead of major US retail earnings and after Iran and the United States ruled out extending the June MOU aimed at ending the conflict.

Global Markets

According to reports, Iran is shifting towards a more aggressive stance, while President Trump indicated he would not seek to extend the ceasefire. In Europe, the STOXX 600 fell 0.22% as the strong earnings-driven run gave way to caution over Middle East developments.

Asian markets had closed positively earlier in the session, with Japan’s Nikkei 225 rising 0.74%, the Shenzhen Index advancing 2.44% and Hong Kong’s Hang Seng gaining 1.34%, before the latest Middle East news evolved. – APEX

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