Europe’s main share and currency markets started the week modestly higher while oil and bond prices dipped, as investors kept Middle East concerns in check after
In early trading, Germany’s DAX rose 0.8 per cent and France’s CAC 40 advanced 0.66 per cent while Britain’s FTSE 100 slid 0.46 per cent, “There is a general belief that it isn’t going to escalate,” Alster said, highlighting that oil prices hadn’t breached their September highs of US$96 a barrel. “There has been a tit-for-tat and hopefully now we move on.”
It did though scale a fresh 34-year high against the Japanese yen on growing expectations that sticky inflation will keep U.S. interest rates higher for longer and that Tokyo hasn’t rushed to intervene in FX markets yet.
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