Posted 11/26/2023, 10:52:53 AM
Stocks Rise, Oil Steady as Israel-Hamas Ceasefire Signals Geopolitical Easing
- Wall Street indexes secure weekly gains, global stocks see biggest monthly jump since Nov 2020
- Oil futures steady ahead of OPEC+ meeting next week to potentially agree on 2023 production cuts
- Gold futures end higher as dollar index declines; U.S. business activity stable in November
- U.S. interest rate hike expectations ease as data shows weaker inflation; markets speculate on timing of cuts
- Israel and Hamas initiate 4-day ceasefire on Friday; militants release hostages in conflict easing sign