A sense of relief percolated through markets after Israel’s retaliatory strikes against Iran avoided oil facilities, with crude oil tumbling and stocks rising at the start of what’s shaping to be a pivotal week for investors. Iran said its oil industry was operating normally following Israel’s attacks on military targets across the country. That brought some easing in geo-political tension as markets prepare for a week packed with corporate earnings and key economic data, with the US presidential election also drawing near. “The measured and targeted response from Israel has increased hopes of de-escalation,” Warren Patterson, head of commodities strategy at ING in Singapore, wrote […]
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