"Futures are trading higher on Tuesday after new highs on Friday turned into a risk-off Monday, triggered by rising oil prices and geopolitical tensions."
"The 30-year bond closed Monday at 5.01%, the highest close since May of last year, reflecting traders' concerns over inflation and geopolitical news."
"Energy prices surged on the news from the Middle East, with Brent Crude closing up 5.03% at $113.60, driven by the attack on the UAE."
"Gold closed the day down 2.05% at $4,520, pressured by inflation concerns, a strong dollar, and the likelihood of postponed interest rate cuts."
Futures experienced an uptick on Tuesday following a risk-off Monday, which was prompted by rising oil prices and geopolitical tensions, including an attack on the UAE. Major indices closed lower, with the Dow down 1.13% and the S&P 500 down 0.41%. Treasury yields surged due to concerns over inflation and geopolitical news, with the 30-year bond closing at 5.01%. Energy prices soared, particularly Brent Crude, which rose 5.03%. Gold prices fell 2.05%, pressured by inflation concerns and a strong dollar.
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