“Risk sentiment appears tentatively to be taking hold, but t...

“Risk sentiment appears tentatively to be taking hold, but this could swiftly change as investors are still grappling with the complex dynamics of the Middle-East crisis and its potential repercussions on the global economy,” said Stephen Innes, managing partner at SPI Asset Management.

He noted that efforts to prevent a wider regional conflict in the Middle East from both the White House and other players could have contributed to a rally in financial markets, though such sentiment could change as the war progresses.