Stocks steady, oil gains amid muted market impact of Middle East tensions

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LONDON :Most stocks held firm on Wednesday, while oil prices and some safe haven assets rose, suggesting that the market impact of escalating Middle East tensions has been contained for now.

Europe's benchmark STOXX index rose 0.24 per cent and MSCI's broadest index of Asia-Pacific shares climbed 1.

Brent crude futures gained 1.9 per cent to $74.99 per barrel, extending a 2.5 per cent advance from Tuesday.U.S.WTI futures climbed 2.2 per cent to $71.4 per barrel, after Tuesday's 2.4 per cent rally.

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Article Details

Category: EconomyBusiness

Markets: SingaporeIsraelJapan

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

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

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

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 770 words

Reading Time: 5 minutes read

Sentences: 25 lines

Sentence Length: 31 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 22847559

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

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