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Read previewThe market served up another reminder of its indifference to geopolitics on Monday, as traders seemingly shrugged off the potential impact of Iran's strikes on Israel.
Signs that the conflict between the two countries won't escalate any further have calmed the market's nerves, XTB research director Kathleen Brooks said on Monday.
"The dollar opened the week fairly muted and US bond yields are slightly higher, suggesting that there was no flight to safe havens."
Anyone who's been following markets for the past two years won't be surprised at traders' muted reaction to the latest tensions in the Middle East.
Persons:
—, pare, Kathleen Brooks, Joe Biden, Brooks, who's, Jamie Dimon, Ray Dalio, Neal Shearing, Shearing, isn't Vladimir Putin, Xi Jinping, Ali Khamenei —, Jerome Powell
Organizations:
Service, Brent, West Texas, Business, JPMorgan, Bridgewater, Capital Economics, Federal Reserve, Fed
Locations:
Israel, Iran, Tehran, OPEC