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Middle East conflict keeps global markets nervous

Global stocks began Tuesday on a cautious note while oil prices stayed elevated as the escalating conflict in the Middle East sapped risk appetite ahead of China’s highly anticipated reopening after a long holiday.

The benchmark 10-year US Treasury yield held above 4.0 per cent in early Asia trade, as a robust US labour market prompted traders to heavily scale back their expectations for Federal Reserve rate cuts.



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#Middle #East #conflict #global #markets #nervous

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