Friday brought some optimism to the markets as investors ignored surging COVID cases and focused on vaccine and treatment hopes instead. But the stats published over the weekend show that the situation might be spinning out of control and that means a possibility of more decisive actions taken by governments. This is the last thing the economy needs right now as the recovery looked weaker even without such troubles. Indices still remain at elevated levels (compared to spring) so a deeper correction is not out of question. Should 12320 level be broken, the next support is at 11870.

Daily summary: Indices and crypto decline amid rising oil prices 🚩 Gold and the US dollar move higher
Oil surges 11% amid escalating Middle-East conflict 📈VIX gains driven by fear on Wall Street
BREAKING: Iran signals Europe will be 'a legitimate target' if EU joins war
Wall Street tries to stop the deeper decline 🗽Marvell Technology jumps 10%