Middle East uncertainty after Iran attack makes for tricky trading

Quick Summary:

NEW YORK/LONDON: Iran's attack on Israel has rekindled the allure of safe havens and oil has surged, but with no clarity yet on how the Middle East might evolve, investors are treading tentatively.

Global stocks traded cautiously higher on Wednesday, while government bonds gave up some of Tuesday's gains.

Classic safe-havens like gold, government bonds and the Swiss franc surged on Tuesday and were holding most of those gains on Wednesday, while oil traded at $75 a barrel.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaIsraelMaliUkraine

Topics: Equities Markets Middle East Trading /Business/Business News Gold Iran Safe haven

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-02 @ 15:52:00 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 667 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 22847207

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 40 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 30 minutes ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #22

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