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Currencies

Oil prices edge higher as weak dollar boosts demand

ISTANBUL Oil prices edged up on Monday as investors sought to take advantage of last week's declines, while a weaker US dollar supported demand.International benchmark Brent crude rose by 0.37%, trading at $66.58 per barrel at 10.32 a.m. local time (0732 GMT), up from $66.33 at the previous session's close.Similarly, US benchmark West Texas Intermediate (WTI) increased by about 0.26%, reaching $64.71 per barrel, compared to $64.54 in the prior session.Prices posted their sharpest weekly decline since March 2023 last week as geopolitical tensions in the Middle East eased. However,...
Stock Market

Dow, S&P 500, Nasdaq futures jump after Trump says Israel and Iran have agreed a ceasefire

US stock futures jumped on Tuesday, while oil prices slumped amid hopes that a US-brokered ceasefire between Israel and Iran could lay the groundwork for a more permanent end to hostilities. Dow Jones Industrial Average futures (YM=F) rose 0.7%, while those on the S&P 500 (ES=F) moved up roughly 0.8%. Contracts on the tech-heavy Nasdaq 100 (NQ=F) led the advance, up 1%. A relief rally is building amid hopes for a lasting end to a 12-day-old conflict that has spooked markets with its risks of squeezed oil supply and escalation...
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