- Israel and Iran continued to bomb each other today, a scenario that used to be regarded as potentially disastrous for asset markets. But while the price of oil has risen as a result of the conflict, the rise has been moderate, and stock investors have been taking it easy. The U.S. dollar, however, has reached historically low levels of enthusiasm among institutional investors, according to Bank of America.
The Stoxx Europe 600 was down 0.9% in early trading, but that was the only drama on global asset markets so far today. The VIX volatility index is in retreat after the S&P 500 put in a solid performance yesterday. S&P 500 futures were off only 0.7% this morning, premarket.
