US stock index futures fell over 1% as the Middle East conflict escalated, leading investors to seek safe-haven assets. Oil prices surged, with gold rising about 2% and the US 10-year Treasury yield hitting an 11-month low. Fresh military strikes by the US and Israel on Iran followed attacks that killed Ayatollah Ali Khamenei, raising regional tensions. This volatility comes ahead of significant US economic data, including manufacturing PMIs and employment figures, amidst concerns about rising inflation.
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