Forex
Global Markets Reel as Iran Conflict Drags On
The ongoing conflict between the U.S. and Iran has sent oil prices surging to near a six-week high of $95 per barrel, weighing on bond markets worldwide.
Japanese yen slipped to its weakest level in 40 years above 163 per dollar amid concerns over rising crude prices and renewed U.S. tariff threats.
The chip sector rebounded overnight, with the SOX index jumping 5% after strong trade data from South Korea, but it has given back most of those gains in Asia.
Today's earnings reports from Alphabet and Tesla are expected to be closely watched, as they will provide insight into their cash flow and revenue prospects.