Reports that Saudi Arabia plans to escalate the conflict with Iran triggered a new wave of risk-off sentiment, though this ultimately proved limited, as afternoon buying offset the initial impact of the news. This was compounded by the announcement that the U.S. will deploy 3,000 troops to the Middle East, pushing global interest rates up by 4–7 basis points and leaving most stock indices in positive territory...

The market continues to move to Trump’s tune, buoyed today by a statement he released this morning in which he said he is negotiating with Iran and that there will be no attacks for the next five days—after he said over the weekend that he would strike Iran even harder if they did not open the Strait of Hormuz within the next 48 hours...

The week ends with one of the worst days of the year on the market, as Iran maintains its stance that the Strait of Hormuz remains closed and CBS reports that the U.S. is reportedly making preparations for a possible ground attack on Iran. Equities fell 1.5–2.5% globally, with the technology sector performing the worst, amid...

It was a positive day for global fixed income, led by European sovereign bonds, whose yields fell by 5–7 basis points, while the Treasury yield curve also steepened across the board, with yields falling by 2 basis points. In equities, Asia closed mixed, Europe posted gains of 0.5–1%, and the U.S. closed up 0.25–0.5% in a...