iSAM Securities Launches CFDs on Futures to Meet Growing Client Demand

Equities rallied as oil prices fell, with US diplomatic efforts fuelling cautious optimism that tensions in the Middle East may begin to ease. Asian equities rose 1.9%, while US and European futures pointed higher, as a pullback in crude helped ease inflation concerns and reduced pressure on central banks to tighten policy further.

Equities looked set to ease after a recent rally, as renewed tensions in the Middle East pushed oil higher and weighed on sentiment. US futures slipped around 0.2% and European futures pointed lower, with investors turning more cautious after reports that US allies in the Gulf may move closer to joining the conflict, while Iran ruled out negotiations.

Stocks extended their selloff as tensions between the US and Iran escalated further, driving a broad risk-off move across assets. Asian equities fell 3.7%, entering correction territory, while US futures dropped ~0.8% and European futures pointed sharply lower.