The comments followed Israeli air strikes on 100 sites across Iran, including nuclear infrastructure and military command centers, in what appears to be the start of a broader campaign.
Tensions in the Middle East and Trump's threats to Iran are causing uncertainty in global markets, leading to a shift towards safe-haven assets like gold and crude oil. Asian markets are also feeling the impact, with declines in Japan, Australia, India, China, and Hong Kong. In Europe, the STOXX 50, DAX, CAC 40, and FTSE 100 are all down. Oil prices surged over 7% after the strike and fears of supply disruption, while natural gas, gold, silver, and copper also saw price movements. U.S. futures are down over 1%, led by declines in the Dow Jones and Nasdaq 100. The dollar has gained against major currencies as investors seek safe havens.
The University of Michigan’s preliminary U.S. consumer sentiment index for June is due at 10 a.m. ET. On average, economists expect the index to rise to 54 from 52.2 in May.
Stocks end lower on Middle East tensions and skepticism over US-China trade deal, with most sectors declining. Economic data shows lower than expected inflation. Asia markets also down, led by losses in Japan and Australia. European stocks also lower, while oil and metal prices rise due to safe-haven demand. US futures and dollar decline.
