Traders Hold Their Breath as War Heads Toward Fourth Week

It’s been a bumpy ride for investors. After a week of volatility across asset classes, financial markets were steady on Friday as traders wait to see how the war plays out over the weekend — an escalation, a sense of resolution, or more of the same.

After surging to as high as $119 a barrel on Thursday, Brent crude traded around $108 per barrel. MSCI’s Asian stock benchmark was 0.4% lower, while European equities edged higher after tumbling the previous session. S&P 500 futures were up 0.1%.