Universal Music slumps as Bill Ackman's Pershing Square offloads stake after failed takeovers

Escalating tensions between Iran and the U.S. pressured Asian equities lower overnight and left European markets directionless in morning trade. The move reflects a broader risk-off tone across global assets, with geopolitical uncertainty weighing on sentiment and positioning.

Analysis

Escalating tensions between Iran and the U.S. pressured Asian equities lower overnight and left European markets directionless in morning trade. The move reflects a broader risk-off tone across global assets, with geopolitical uncertainty weighing on sentiment and positioning.