Leonardo shares fell 3% amid defense sector turbulence. Analysis of Italy's defense outlook and market implications.
Traders adopt the 'NACHO' trade amid fears of prolonged Strait of Hormuz disruption, while oil prices edge higher on fragile ceasefire.
FTSE 100 fell 1.4% amid fading US-Iran ceasefire prospects, bucking European gains. Oil prices elevated.
A US-Iran ceasefire and reopening of the Strait of Hormuz triggered a violent market squeeze on war premiums built since late February, impacting global trade and energy flows.
Gold prices rise sharply as investors seek safety amid escalating geopolitical risks, highlighting its role as a traditional haven asset.