Escalate, Middle East
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Oil prices are rising. Asian stocks are mostly down following Wall Street's losses. Middle East tensions are escalating. There is concern about potential US involvement. Donald Trump has commented on Iran.
The EUR/USD pair peaked at 1.1581 following the release of US data, but quickly returned to the current 1.1560 area. The daily chart shows the pair is barely up, although still well-above all its moving averages.
1don MSN
Asia stock markets were little changed on Monday, following Friday’s sharp sell-off on Wall Street amid escalating Middle East tensions and global economic concerns. Investors digested a batch of mixed Chinese economic data.
US Stocks Market fall as weak US retail sales, housing, and industrial data add to fears of a slowdown, while Middle East tensions rise with growing pressure from the US and Israel on Iran. Investors are now betting on possible Federal Reserve rate cuts later this year,
Bitcoin price edges below $105,000 on Friday after falling 4% over the last two days. Market sentiment sours as conflict in the Middle East escalates, with over $1.15 billion in liquidation across crypto markets.
U.S. stocks rose as Oracle's upbeat AI-fueled forecast lifted investor sentiment, countering Middle East tensions and Boeing's losses after a crash. Oracle's shares surged by 14%, boosting the tech sector.
Rather, it is geopolitical factors—specifically, escalating tensions in the Middle East—that are unsettling markets and pushing prices higher.