Europe Market Open: Geopols dominated as Israel struck Iran though Iran denied a foreign attack
19.04.2024
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- APAC stocks were lower across the board as the initial tech-related selling stemming from Wall St was exacerbated by reports of explosions in Iran following an Israeli operation although stocks are off today's worst levels as Iran downplayed and later denied the attack.
- Israel conducted an operation against Iran which an Iranian official said was on a military airbase near Isfahan. However, Iran's press TV later denied reports of a foreign attack in Iranian cities including Isfahan.
- Iran's senior commander said the 'noise heard in Isfahan overnight was caused by air defence targeting one suspicious object', while he added 'there was no damage caused'.
- Sentiment overnight was “risk off”, but recovered from worst levels after Israel’s move seemed limited while Iran downplayed the event.
- Looking ahead, highlights include German Producer Prices, UK Retail Sales, Comments from BoE’s Ramsden & Fed's Goolsbee, Earnings from SLB, American Express & PG.
- Click here for the Newsquawk Week Ahead.
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