TOKYO -Asian shares and bond yields sank on Friday while safe-haven currencies, gold and crude oil jumped after reports of a sharp escalation in Middle East hostilities.
ABC News cited a U.S. official in reporting Israeli missiles had hit a site in Iran, while Iran's Fars news agency said explosions were heard at an airport in the city of Isafahan. That, in turn, was in response to a suspected Israeli strike on its embassy compound in Syria that killed senior Iranian military commanders."Markets will be very worried that this is the start of a tit-for-tat escalation which could create huge volatility in the Middle East."
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
European Stocks Lose Steam on Fear of Middle East EscalationEuropean stocks trimmed gains late in the afternoon as Axios reported that Israeli Defense Minister Yoav Gallant said Israel had no choice but to retaliate against Iran.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Stocks climb, oil dips as Middle East war worries kept in checkThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
Premarket: Stocks climb, oil dips as Middle East concerns in checkU.S. stock futures ticked higher after a heavy selloff on Wall Street on Friday
Source: globebusiness - 🏆 31. / 66 Read more »
Stock market today: Asian stocks track Wall Street's decline as Middle East tensions escalateHONG KONG (AP) — Asia stocks pulled back on Monday as worries about potentially escalating tensions in the Middle East rattled financial markets, pushing...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
European Stocks Set for Rocky Start Amid Escalating Tensions in the Middle EastEuropean stocks are expected to experience a sharp decline as tensions in the Middle East escalate. Israeli Prime Minister Benjamin Netanyahu's comments about potential retaliation have raised fears of a wider war. This has also impacted Wall Street and Asian shares, causing oil prices to rise. The EURO STOXX 50 index futures have already fallen by over 1.5%, indicating a significant move for Asian time.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »