Iran Shoots Down US F-15 Jet, Labor Market Rebounds, More

Iran shot down a US F-15 jet, a major geopolitical escalation likely to trigger risk-off flows and heighten defense and regional-risk premia. Separately, the US labor market reportedly rebounded, signaling stronger-than-expected economic activity; the report provides mixed signals for policy and markets absent further detail.

Analysis

Iran shot down a US F-15 jet, a major geopolitical escalation likely to trigger risk-off flows and heighten defense and regional-risk premia. Separately, the US labor market reportedly rebounded, signaling stronger-than-expected economic activity; the report provides mixed signals for policy and markets absent further detail.