While the situation remains tense, the lack of escalation over the weekend provided traders with an opportunity to pick up equities.
While the situation remains tense, the lack of escalation over the weekend provided traders with an opportunity to pick up equities and helped push down oil.
Asian markets rose Monday, clawing back some of last week’s losses, as Middle East worries subsided and traders looked ahead to the release of key US inflation data and corporate earnings.downplaying a reported Israeli attack on the country, which came days after a drone and missile strike on Israel by Tehran, tensions between the regional foes appeared to have cooled.
The reading could play a major role in the central bank’s decision-making on interest rates, and comes after a third successive month of above-forecast consumer price index figures. The PCE report is followed by the bank’s policy announcement next week, which will be pored over for clues about its next step.
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