-- Asian stocks look set to gain following a rebound on Wall Street Friday, while the dollar climbed as currency traders reacted to a shock attack by Hamas within Israel that left hundreds dead.Equity futures for Japan, Hong Kong and Australia all rose after the S&P 500 advanced 1.2% Friday, snapping a four-week losing streak. The Nasdaq 100 jumped 1.7% with large-cap tech names, including Microsoft Corp., Apple Inc. and Nvidia Corp., powering the index higher.
The fallout from the Israel attacks reverberated through Middle East markets on Sunday, sending stocks sliding and setting the tone for what’s likely to be a volatile start to the week. Major equities gauges in the region fell, led by a drop on Israel’s benchmark TA-35 stock index, which posted its biggest loss in more than three years, sliding 6.5%.
Saturday’s attack will turn investors’ attention to commodities, with traders eyeing the reaction of the oil price after it posted its biggest weekly drop since March. Gold fell for the second straight week.The offshore yuan was little changed at 7.3069 per dollarAftermath of an Assassination: Inside the India-Canada CrisisHold high growth small-cap stocks such as Tidewater Renewables in your TFSA and benefit from outsized gains in the upcoming decade.
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