News
Pre-New York: Hormuz tanker strikes lift Brent as US labour costs come in line
Pre-New York: Hormuz tanker strikes lift Brent as US labour costs come in line
- Since London: Brent $117.9 (+1.4%) as Iran claims three tankers ablaze in Hormuz; US 10y yield 4.95% and 2y 4.61% hold losses (-4bp); DXY 101.81 (-0.2%); gold $3,956 (-1.6%); S&P futures -0.6%
FO view: Iran's claimed tanker strikes keep Brent near $118, while in-line US labour costs let Treasury yields hold most of their drop into the cash open.
Not investment advice.