Dollar Surges as Traders Brace for War Impact

Key Highlights

• Benchmark equity indexes in Saudi Arabia and Egypt each slid more than 2% in Sunday trading, with futures on US stocks, Treasuries, oil and gold set to begin trading at 6 p. m.
• New York time, offering the first broad gauge of investor sentiment.
• Most Read from Bloomberg Minneapolis Braces for Rent Crisis As ICE Surge Winds Down It’s a Tough Time To Be a Black Real Estate Developer New Tax Proposal Takes Aim at Thailand’s Salty Food Obsession Oslo Rebuilds Its Government Quarter with a New Focus: Openness Alberta’s Deficit To More Than Double, Hit by Oil Price Drop Shaken by fresh anxieties over artificial intelligence and potential cracks in credit, all while trading at historically high valuations, markets now must contend with a spiraling military action in Iran that threatens to destabilize global shipping and stanch travel.
• The impact on oil and inflation is a paramount concern in markets that last month saw US stocks post their worst drop in 10 months.
• WATCH: Bloomberg Intelligence’s Mike McGlone explains what the US and Israeli strikes on Iran mean for oil and commodities prices.