April 12, 2024 12:53 GMT
Fresh Source Reports On Israel/Iran Spark Risk Off Momentum
EMERGING MARKETS
- Fresh newswire source reports re: Israel bracing for a potential Iranian attack in the coming days promotes an extension of some of the market moves seen earlier today.
- Core global FI rallies further, equities are lower, the USD rally is extending and oil moves to new session highs.
- Brent crude front-month is rallying to the highest since 1 April amid the headlines.
- Brent JUN 24 up 1.7% at 91.24$/bbl
- WTI MAY 24 up 2% at 86.76$/bbl
- For reference, the WSJ reported on Thursday evening that Israel is preparing for a direct attack from Iran on southern or northern Israel as soon as the next 24 to 48 hours (the exclusive went out 7.47pm London time. “A person briefed by the Iranian leadership, however, said that while plans to attack are being discussed, no final decision has been made.” WSJ reported.
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