Gains have been tempered by the earlier headline regarding Iran's retaliation
- Eurostoxx +0.3%
- Germany DAX +0.7%
- France CAC 40 +0.3%
- UK FTSE +0.2%
- Spain IBEX +0.2%
As mentioned earlier, I doubt markets will be too disheartened by the Iran's reported retaliation 'scenarios' as it just reaffirms more threats by Tehran without actual military action being taken - just yet.
USD/JPY is now back to flat levels at 108.39 while bond yields are starting to creep back higher as we get things going on the session. I reckon from hereon, markets will continue to turn a blind eye to the situation until the first hint of real military action is taken.
