Sentiment Stabilizes Somewhat As Iran States Nuclear Facilities Unharmed From Israel Strike

Risk sentiment remains fragile, albeit with the rate of losses slowing in recent dealings. Markets will be waiting to see if there is an Iranian response to the Israeli missile attack, and/or follow up action by Israel. A number of reports suggest that the Israeli attack was against a military base or bases in the Isfahan region (which also contains Iranian nuclear facilities). There is no indication yet that any nuclear facilities were targeted. Headlines have crossed from Iranian State TV that the country's nuclear facilities are unharmed.

• There were also reports of missile attacks/explosions in Iraq and Syria, although details on this remain light at this stage.
• US equity futures are remain -1.3% weaker for Eminis, -1.60% for Nasdaq futures. We hit -2% for Nasdaq futures at one stage.
• In the FX space, the BBDXY is up 0.40%, last near 1268.4 (earlier highs were at 1271.06). AUD and NZD are off around 0.70% at this stage. AUD/USD tracking at 0.6370, NZD near 0.5860.
• The CHF is outperforming, up nearly 0.7% to 0.9060, but away from best levels. USD/JPY was last near 153.95/00. Earlier lows were at 153.59.
• Oil is off session highs, last near $90/bbl, earlier we got to $90.75/bbl.
• US Tsy futures sit just off session highs, TYM last at 108-13, +23, earlier highs were at 108-22.