Markets bounce as MidEast fears ease, US inflation in view
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Asian markets rose as Middle East tensions eased and traders awaited US inflation data and corporate earnings. Iran downplayed Israel's reported attack, leading to a cooling of tensions between the two countries. The lack of escalation over the weekend allowed traders to pick up equities and push oil prices down. Investors are now focused on the release of the personal consumption expenditures (PCE) index, the Federal Reserve's preferred gauge of inflation, which is due on Friday. The PCE report will play a major role in the central bank's decision-making on interest rates. Earnings from big-name firms including Alphabet, Tesla, and Microsoft are also expected this week.

#AsianMarkets #MiddleEastTensions #UsInflation #CorporateEarnings

https://www.bssnews.net/business/184969 

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