Markets Edge Higher Amid Middle East Uncertainties
Global markets saw a modest rise as U.S. President Trump delayed military intervention in the Israel-Iran conflict. Tensions remained in the Middle East, but de-escalation signs gave markets a boost. Oil prices dipped but retained weekly gains, while different sectors showed mixed reactions to the ongoing geopolitical situation.
Global stock markets, including Wall Street indexes, recorded modest gains on Friday amidst geopolitical tensions in the Middle East.
U.S. President Donald Trump's postponement on a decision regarding military intervention in the Israel-Iran conflict has temporarily calmed markets, with key stock indexes like the Dow Jones, S&P 500, and Nasdaq showing mild increases.
Oil prices recoiled despite maintaining weekly gains, as signals of de-escalation in the Middle East reduced fears of supply disruptions. Meanwhile, European and Asian stock markets also saw upward movements, reflecting cautious optimism globally.
(With inputs from agencies.)
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