- A measure of the US dollar nudged higher, while US equity-index futures were flat and the stock and Treasury cash markets were closed on Monday due to a federal holiday.
- Soft fundamentals offset the risk that US and allied airstrikes would spark a wider conflict and disrupt Middle Eastern crude flows, which led to a decline in oil prices despite a Houthi attack on a US-owned commercial vessel. Meanwhile, European natural gas futures fell to their lowest level since August, highlighting the region's success in bolstering supplies since the energy crisis in 2022.
