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Shares, oil prices gain as world waits to see if US will join Israel's war against Iran
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....hares, oil prices gain as world waits to see if US will join Israel's war against Iran<BR>PTI News<BR>Dated:- 20-6-2025<BR>PTI<BR>Manila (Philippines), Jun 20 (AP) World shares are mostly higher and crude oil prices have rebounded as investors wait to see if the US will join Israel's war against Iran. Britain's FTSE 100 was 0.4 per cent higher at 8,829.82 and the CAC-40 in Paris gained 0.6 per ce....
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....nt to 7,595.06. Germany's DAX rose 0.9 per cent at 23,256.98. US futures edged lower after Wall Street was closed on Thursday for the Juneteenth holiday, with contracts for the S and P 500 and the Dow Jones Industrial Average down 0.2 per cent. US benchmark crude oil gained 52 cents to USD 75.66 per barrel, while Brent crude, the international standard added 31 cents to USD 77.01 per barrel. Oi....
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....l prices have been gyrating as fears rise and ebb that the conflict between Israel and Iran could disrupt the global flow of crude. Iran is a major producer of oil and also sits on the narrow Strait of Hormuz, through which much of the world's crude passes. Investors remained wary after the White House said President Donald Trump could decide on whether to launch an attack on Iran within the next....
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.... two weeks, but that he “still believes diplomacy is an option”, said Anderson Alves, a trader at ActivTrades. “The stock market's risk premium isn't just rising — it's recalibrating for a world where every macro lever now doubles as a tripwire,” Stephen Innes of SPI Asset Management said in a commentary, adding that traders are bracing for what comes next. “A delayed fuse is still a....
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.... fuse,” he said. Trump's tariffs agenda may have been eclipsed by the conflict in the Middle East, but it remains another major factor weighing on markets. Tokyo's Nikkei 225 index edged 0.2 per cent lower to 38,403.23 after Japan reported that its core inflation rate, excluding volatile food prices, rose to 3.7 per cent in May, adding to challenges for Prime Minister Shigeru Ishiba's governme....
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....nt and the central bank. “Core Japanese inflation rose more than expected in May. Even so, the Bank of Japan is likely to prioritise the negative impact of US tariffs, Min Joo Kang of ING Economics said in a commentary. ”For now, it's more concerned about the risk that US trade policies could break the virtuous circle of wage growth and inflation." Hong Kong's Hang Seng index climbed to 1.3 ....
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....per cent to 23,530.48, while the Shanghai Composite fell 0.2 per cent to 3,359.90. China's central bank kept its key 1-year and 5-year loan prime rates unchanged, as expected. Australia's S and P/ASX 200 shed 0.2 per cent to 8,505.50, while South Korea's Kospi gained 1.5 per cent to 3,021.84. On Thursday, the Bank of England kept its main interest rate at a two-year low of 4.25 per cent, citing ....
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....risks that the conflict between Israel and Iran will escalate. The US dollar slipped to 145.37 Japanese yen from 145.46 yen. The euro rose to USD 1.1516 from USD 1.1498. (AP) PY PY<BR> News - Press release - PIB....