Stocks Rise as Investors Look Past Israel-Hamas Conflict
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Global stocks rose this week despite Israel-Hamas conflict, likely due to falling bond yields rather than geopolitics.
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Oil and gas markets reacted most to the conflict, with Brent crude jumping 5% and European gas prices surging nearly 40%.
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Safe havens like gold shined, notching its best week since March with a 3% gain.
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Israel's shekel was the weakest currency this week, dropping over 3% despite the central bank putting $30 billion in reserves on the line.
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The cost to insure Israeli debt spiked 80% this week, reaching the same level as India's despite Israel's higher credit rating.