Entering the European trading session, the overall risk sentiment will lean more toward defensiveness.

```htmlGlonhui May 12｜Financial website Investinglive analyst Justin Low: The US-Iran conflict remains deadlocked, and as of now, this situation is unlikely to change at least in the coming week. Although the market was relatively stable yesterday, today investors are starting to show signs of nervousness, and market risk appetite is shifting towards a more defensive stance. Oil prices are on the rise, with WTI crude oil up more than 2% intraday and breaking above the $100 mark once again. Meanwhile, the bond market continues to signal inflation warnings—30-year US Treasury yields have once again surpassed the 5% threshold. Against the backdrop of growing concerns about the global inflation outlook, the trend remains quite robust recently. In addition, we are starting to observe weakness in US stock index futures.```