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BREAKING: Indices trim gains on news from Middle East

6:12 PM 10 October 2023

US equity indices as well as European index futures have trimmed part of gains after new reports arrived from the Middle East. Hezbollah from Lebanon informed that it has targeted Israeli tank with missiles. The attack is said to be retaliation for Israel striking a number of observation posts. Tensions between Israel and Hezbollah have been on the rise since Hamas launched a surprise strike on Israel on Saturday. Escalation between Israel and Hezbollah and opening a new front would further complicate situation in the Middle East.

US500 dropped around 0.3% on the news while DE30 moved 0.2% lower

US500 pulled back from daily highs after Hezbollah announced a strike on Israeli tanks. Source: xStation5

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