Markets entered a phase of risk off near the end of the New York session on Thursday on rising geopolitical tensions, as Israel’s President Netanyahu threated to work against ‘Iran and its proxies’. This prompted Biden to call Netanyahu and request civilian safety, in order for the US to continue supporting Israel. • Wall Street indices were quick to turn lower, with the S&P 500, Down Jones and Nasdaq all forming prominent bearish engulfing days • Oil prices rose for a sixth day, sending WTI crude oil above $86 for the first time in nearly six months, whilst the Japanese yen and US dollar attracted safe-haven bids ... (full story)