Stocks stable, oil rises as wary investors eye Middle East hostilities

Quick Summary:

LONDON : Stocks held firm on Wednesday and safe haven assets such as government bonds and the dollar gained ground, as investors held back from panic selling amid escalating Middle East hostilities that also pushed oil prices nearly 3 per cent higher.

Europe's benchmark STOXX index edged down just 0.

The dollar index, which tracks the U.S.currency versus the euro and five other major rivals, was steady at 101.22 after pushing as high as 101.39 on Tuesday for the first time since Sept.19.

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Category: EconomyBusiness

Markets: SingaporeGermanyIsraelJapanLebanon

Topics: Dollar Iran Tuesday Wednesday Cent Euro Month Israel Index Prices Market

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-02 @ 09:29:48 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 806 words

Reading Time: 5 minutes read

Sentences: 25 lines

Sentence Length: 33 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 22848930

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 40 posts per day

Year Established: 1999

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News Last Updated: 1 hours ago

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Publisher ID: #27

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