Eurostoxx futures -1.5% in early European trading

  • A more negative mood as Iran and Israel tensions escalate overnight
  • German DAX futures -1.8%
  • UK FTSE futures -0.4%

The overall risk mood is on the defensive with S&P 500 futures also weighed down by 1.4% currently. Safety flows are dominating and that's helping with gold staying bid going into the session ahead. However, oil is the standout amid fears of retaliation by Iran with WTI crude keeping at $73.25 currently - up 6.5% on the day.

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