during US hours on Friday as the latest flare-up in Middle East tensions seemed contained – with a flight to bonds, gold and the US dollar waning. Oil fell.. US Treasury 10-year yields dropped only three basis points to 4.60 per cent – almost erasing an earlier plunge of 14 basis points. The US dollar was little changed, with the Australian dollar trading at 64.23 US cents.Earlier Australian stocks had fallen to a three-month low, losing 2.
Iranian media and officials described a small number of explosions, which they said resulted from Iran’s air defences hitting three drones over the city of Isfahan. Notably, they referred to the incident as an attack by “infiltrators”, rather than by Israel, obviating the need for retaliation.Netflix shares tumbled as a weak forecast for revenue and a warning that the streaming giant will stop reporting subscriber numbers in 2025 overshadowed an otherwise strong start to the year.
The S&P 500 fell 0.1 per cent as of 10am in New York. The Nasdaq 100 fell 0.5 per cent. The Dow Jones Industrial Average rose 0.5 per cent. The Stoxx Europe 600 fell 0.2 per cent. The euro rose 0.2 per cent to $US1.0669. The British pound rose 0.2 per cent to $US1.2462. Bitcoin rose 1.7 per cent to $US64,624.15.
The yield on 10-year Treasuries declined three basis points to 4.60 per cent. West Texas Intermediate crude fell 0.1 per cent to $US82.64 a barrel. Spot gold rose 0.1 per cent to %US2381.98 an ounce.is the Financial Review's economics correspondent, reporting from the federal press gallery at Parliament House. He was previously an economist at the Reserve Bank of Australia and at UBS.is an online editor and contributor.