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Maroc Maroc - FINANCIALMIRROR.COM - A La Une - 05/Aug 13:25

Flight-to-safety in markets, geopolitical tensions escalate

Safe-haven flows dominate financial markets at the beginning of the week as investors react to the latest news surrounding the Israel-Iran conflict. S&P will release revisions to July PMI data for the Euro area, Germany and the UK on Monday, while later in the day, the ISM Services PMI report for July will be featured in the US economic docket. Meanwhile, market participants will keep a close eye on geopolitical developments. US Secretary of State Tony Blinken has reportedly told his counterparts from the G7 countries over the weekend that Iran and Lebanese group Hezbollah could attack Israel as early as Monday.

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