French assets in focus into key weekend with geopolitical attention on Trump commentary regarding Iran.
Context
What happened: APAC equities were mostly negative after a tech-led Wall Street selloff, with European futures pointing to a contained open. Geopolitical attention centered on Trump commentary regarding Iran.
Key numbers: SPX -1.21% at 7,663, NDX -2.90% at 28,959, DJI +0.02% at 52,867, RUT +0.11% at 2,784. Crude bid by c. 0.7%.
Why it matters: Weakness in AI-related names weighed on US stocks despite gains in the equal-weight gauge, and earnings beats from Lam Research and Meta were not well received. The tech rout spurred a flight to quality into Treasuries.