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Earnings season intertwined with geopolitical crises, the market reignites risk-averse sentiment
ME News Report, April 13 (UTC+8), due to Trump’s order to impose a blockade on the Strait of Hormuz, crude oil prices surged, U.S. stock index futures declined, and the dollar strengthened. The escalation of the situation occurred after the U.S. and Iran failed to reach an agreement during negotiations in Pakistan, which may disappoint investors. Elias Haddad, Global Market Strategist at Brown Brothers Harriman Bank, stated that this move is sure to reignite risk aversion sentiment this week. Investors are focusing on the upcoming first-quarter earnings season, expecting corporate leadership to comment on the increasing risks. (Source: ChainCatcher)