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Stocks, dollar stall ahead of US jobs data; oil gains as Gulf tensions flare
World📈 EconomyCenter7 hr. ago

Stocks, dollar stall ahead of US jobs data; oil gains as Gulf tensions flare

Global stock markets showed signs of strength, with the MSCI's All-World index rising 2.3% for the week, driven by investor optimism around AI advancements and corporate earnings. Investors are closely watching the upcoming U.S. jobs data, which could influence interest rate decisions. Analysts suggest that both strong and weak job reports could lead to significant market reactions due to the Federal Reserve's unclear stance on monetary policy. Meanwhile, Middle East tensions escalated with attacks on Saudi Arabia, leading to a rise in oil prices despite a broader weekly decline.

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Channel NewsAsia (CNA) logoChannel NewsAsia (CNA)State / PublicCenter7 hr. ago
Stocks, dollar stall ahead of US jobs data; oil gains as Gulf tensions flare

Global stock markets showed signs of strength, with the MSCI's All-World index rising 2.3% for the week, driven by investor optimism around AI advancements and corporate earnings. Investors are closely watching the upcoming U.S. jobs data, which could influence interest rate decisions. Analysts suggest that both strong and weak job reports could lead to significant market reactions due to the Federal Reserve's unclear stance on monetary policy. Meanwhile, Middle East tensions escalated with attacks on Saudi Arabia, leading to a rise in oil prices despite a broader weekly decline.

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