Markets On Edge as Middle East Tensions, Inflation Fears Stoke Volatility
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Global markets are anxious due to rising Middle East tensions and inflation concerns. Stocks and bonds have fallen, while gold and oil prices have risen.
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Investors fear the Israel-Hamas conflict could escalate and drive up oil prices, fueling further inflation.
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The yield on 10-year US Treasuries hit a 16-year high as investors expect interest rates to stay higher for longer.
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Nokia announced plans to cut up to 14,000 jobs after a 20% drop in quarterly sales, blaming macro uncertainty.
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Key events today Bank of Indonesia rate decision, US jobless claims, Fed chair Powell speech.
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