SPX

The market is gripped by a sharp risk-off turn, driven by escalating military conflict between the US and Iran in the Strait of Hormuz. This geopolitical crisis is compounding macroeconomic fears, as persistent inflation and a high-profile warning from PIMCO of a corporate ‘default wave’ spook i

Markets are in a sharp risk-off mode, with the Nasdaq experiencing its worst day of the year amid escalating geopolitical tensions in the Middle East. A growing chorus of C-suite warnings about weakening consumer health is amplifying recessionary fears, while the airline sector faces a severe fuel cost squeeze.