The main financial markets are operating in a climate of great uncertainty this Wednesday, dominated by the military escalation between Israel and Iran, the reaction of oil markets to the risk of supply shortages, and the anticipation of a key monetary decision by the US Federal Reserve.
This Wednesday, the Paris Bourse is timidly recovering from yesterday’s sharp 0.76% decline. At 12 noon, the CAC 40 was up 0.10%, but the overall picture remains fragile.
European markets are also cautious. EuroStoxx 50 futures are down 0.34%, the German DAX is down 0.54%, while the British FTSE remains virtually stable at 0.22%. The trend reflects widespread risk aversion, on the eve of a highly anticipated Fed decision and in the midst of escalating armed conflict in the Middle East.
Israel-Iran tensions : oil market in turmoil, dollar strengthens
The military conflict between Israel and Iran, now in its sixth day, continues to weigh heavily on world markets. Air strikes are intensifying, and the prospect of direct US military involvement is worrying investors. Washington has raised its tone in recent hours, with firm statements calling for Teheran’s “unconditional surrender”. Donald Trump has also asserted that Iranian airspace is “entirely under American control”, comments which have exacerbated market nervousness.
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