Economic calendar: Wartime unrest toward the end of the week

• Futures point to sharply lower opening of the session on the Old Continent and Wall Street
• Israel retaliates for Iranian missile attack
• No market-relevant macro readings are scheduled for today

The last trading session on the Old Continent this week is expected to bring a further deterioration in investor sentiment. This is indicated primarily by futures contracts, which are pricing the DAX index to open nearly 0.5% lower.

The slump is due to Israel's armed retaliation for Iran's recent missile attacks. Because of this, we saw a slump in Asia. Large gains are being recorded in oil, with both Brent and WTI adding more than 1.5% today. Sentiment is also not helped by the drop in Netflix's stock price after the release of quarterly results.

Selected macro events:

3:30 p.m. GMT - Speech by FED's Golsbee

08:30 p.m. GMT  - Publication of the CFTC report on derivatives market positioning