Treasuries jumped and shares advanced after comments by Federal Reserve officials fueled speculation the US central bank may stand pat until year-end.
“The spike in bond yields coupled with the unfolding geopolitical tensions in the Middle East seem to have served as the catalyst for the much-anticipated dovish shift from the Federal Reserve — a move that equity markets have been eagerly awaiting,” said Tony Sycamore, a senior market analyst at IG Australia.
The tensions in the Middle East, however, may escalate further after the Financial Times reported a top US general warned Iran to “not get involved” in the Israel-Hamas conflict.
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Oil jumps, stocks drop on Middle East conflict: Markets wrapSpot gold rose 0.9% to $1 849.42 an ounce.
Source: Moneyweb - 🏆 5. / 77 Read more »