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HomeTrading RoomAs Treasury Yields Decline, Stock Futures are Marginally Higher

As Treasury Yields Decline, Stock Futures are Marginally Higher

As Wall Street evaluated the effects and risks of a protracted conflict resulting from the Israel-Hamas war, U.S. stock futures were marginally higher on Tuesday, helped by a decline in Treasury yields.

Along with S&P 500 futures, Dow Jones Industrial Average futures saw a 0.2% increase. Also rising 0.2% were Nasdaq 100 futures.

In the midst of the turmoil, investors flocked to the traditional safe haven, driving the benchmark 10-year Treasury yield down 12 basis points to 4.659%. Stock futures gained as a result of the decrease in yields since Wall Street had been worried about the recent sharp increase in interest rates.

The bloodiest attack in fifty years was launched by Hamas against Israel. According to the most recent statistics, Operation Al Aqsa Flood has claimed at least 900 lives in Israel, with more than 687 Palestinians killed in Gaza and the West Bank as a result of Israeli strikes in retaliation across the Gaza Strip.

Since 2007, the Gaza Strip has been ruled by Hamas, a terrorist organisation with Iranian support.

Naturally, the markets will become a little uneasy. But what we have noticed over time is that generally, the longer-term effects of geopolitical events tend to be somewhat restrained, said Meera Pandit, a global market strategist at JPMorgan Asset Management, on Monday’s “Closing Bell” on CNBC.

Investors have expressed concern over the impact that stronger sanctions on Iran would have on the world’s oil supply in the wake of the strikes. Despite a Monday increase, Tuesday’s price of crude showed no change.

Source (CNBC)

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