Markets in wait-and-see mode on Mideast
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European and global markets are in a wait-and-see mode amid escalating tensions between Israel and Iran, with most Asian indexes showing resilience. Oil prices initially surged but stabilized, while investors remain optimistic that Iran won't disrupt the Strait of Hormuz. The G7 meeting faces challenges over trade tensions, particularly regarding U.S.-China tariffs. The Federal Reserve's upcoming meeting is anticipated to maintain steady rates, with central banks like the Bank of Japan and the Swiss National Bank also expected to hold their positions. Key ECB member appearances may influence market sentiment.
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Source: Reuters The copyright of this article belongs to the original author/organization.
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