Markets Recover from Israel-Hamas Volatility, Q2 Earnings Mixed but Bargain Hunting Seen on Festival Demand
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Israel-Hamas war caused short-term volatility but markets recovered as conflict seen as contained
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Rising oil prices and bond yields weighed on markets in second week due to Middle East tensions
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Q2 earnings results were mixed with banks and IT underperforming
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Bargain hunting expected to continue as earnings season progresses, boosted by festival demand
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Opportunity to buy large caps given forecast of 20-25% earnings growth despite near-term volatility