US Edition
TSX, S&P Fall as Israel’s Strikes on Iran Dampen Risk Appetite
- Israel launched wide-scale airstrikes against Iran’s nuclear and missile sites on Friday, escalating tensions in the Middle East.
- The strikes occurred after Israeli Prime Minister Benjamin Netanyahu issued multiple cautions regarding potential military action amid stalled negotiations between the US and Iran over nuclear issues.
- In response, Iran deployed a swarm of more than 100 drones aimed at Israeli areas, prompting significant volatility in global markets, including steep drops in stocks and spikes in oil prices and safe-haven investments.
- Oil prices jumped as much as 14%, the biggest intraday move in years, while gold rose 1.1% and the S&P 500 contracts retreated 1.6%.
- The escalation added uncertainty to fragile market sentiment, likely sustaining volatility and complicating central bank policy amid mounting geopolitical risks.
40 Articles
40 Articles
SooToday.com
Canadian and U.S. stocks down after Israeli attacks on Iran, price of oil jumps
TORONTO — Canada's main stock index closed down along with U.S. markets Friday as investors turned cautious following Israeli attacks on Iranian nuclear and military targets.
PSEi up but gains trimmed after Israel attacks Iran
The PSEi rose on upbeat United States (US) data and expectations of a Bangko Sentral ng Pilipinas (BSP) rate cut next week, but failed to close above the 6,400-level due to concerns over Israel’s bombing of targets in Iran.The main index added 14.27 points, or 0.22 percent, to close at 6,395.59. The mining sector rallied while conglomerates and services retreated. Volume was strong at 1.16 billion shares worth ₱9.86 billion, as gainers outnumber…
Defense, Energy Stocks Leading the Market
Israel’s attack on Iran sent Wall Street fleeing to haven assets, defense stocks, and energy stocks. Energy, up 1.2%, was the only major S&P 500 sector rising in Friday morning trading. Financials, tech, and consumer discretionary were all down more than 1%. Among the S&P’s top 10 stocks were Hall
The Israeli attack on Iran has lowered the Amsterdam stock exchange at the opening. The AEX opened 0.9% lower at 922.4 points. All funds are in the red, with the exception of Shell. This is profiting from the exploding prices of oil, a safe haven in uncertain times.
Stocks tumble, oil soars as Israel's strike on Iran jolts markets
TOKYO: Global stock markets dived on Friday and oil prices surged after Israel conducted a military strike on Iran, rattling investors and sparking a shift towards safe havens such as gold and the Swiss franc.
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