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Dollar, Bonds Rally as Traders Absorb War Impact: Markets Wrap

Bloomberg · last updated

Stocks fell and crude oil rallied as an escalation in the Middle East conflict hit markets, prompting investors to trim risk exposure.

Asian shares fell 1.3% and US equity-index futures declined 0.6%, paring earlier losses. Some of the steepest moves eased as President Donald Trump told the New York Times that he was open to dropping sanctions on Iran if its new leader was pragmatic. Iran also made a fresh push to resume talks with the US, the Wall Street Journal reported.

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