U.S. futures dropped Tuesday, with Treasury yields falling as the Israel-Iran conflict entered its fifth day.
S&P 500 and Nasdaq futures both declined by 0.4% during early trading in Asia. Despite the turmoil, analysts are not forecasting a major economic shock, as long as the conflict remains localized.
Bond markets followed suit with the 10-year Treasury yield falling 0.02 percentage points to 4.43%, and the two-year yield also dropping by 0.02 percentage points to 3.94%.
The U.S. dollar edged up 0.2% against a basket of its key trading partners.
Oil prices moderated after earlier gains, with Brent crude rising by 0.4% to $73.52 a barrel.
Asian markets saw mixed results: Taiwan’s Taiex rose 0.9%, while Hong Kong’s Hang Seng Index fell by 0.3%.
Business leaders are watching the situation closely, as even localized tensions can impact global markets and investor sentiment.
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