Earnings season intersects with geopolitical crises, reigniting risk-off sentiment in the market
According to Golden Ten Data, oil prices surged after Trump ordered a blockade of the Strait of Hormuz, while US stock index futures fell and the US dollar strengthened. This escalation occurred after the US and Iran failed to reach an agreement in negotiations in Pakistan, which may disappoint investors. Elias Haddad, Global Market Strategy Director at Brown Brothers Harriman, stated that this move will inevitably reignite risk aversion sentiment this week. Investors are focusing on the upcoming first-quarter earnings season and looking forward to corporate leaders' views on increasing risks.
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