Geopolitical Shock Shakes Global Markets – Iran War Drives Oil to Four-Year High – Defense and Energy on the Rise – Airlines and Cruise Lines Under Heavy Pressure - DAX Crashes: Middle East Escalation Hits Frankfurt Hard

USA & MACRO SITUATION The S&P 500 starts the week with a decline of 0.41% after coordinated military strikes by the United States and Israel against Iran trigger a flight from riskier assets. While technology and consumer stocks take a significant hit, energy and defense stocks benefit from the new security situation. The picture is clear: Geopolitics takes command – and on a broad scale. Gold (1.24%) temporarily climbs above the psychologically important mark of 5,400 USD, the US dollar strengthens against all major currencies,...