Markets Mixed as Oil and Fed Watch
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Markets Mixed as Oil and Fed Watch
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Global markets are split as oil prices dip below $80 amid hopes for a U.S.-Iran interim deal, while U.S. futures await Fed rate decisions. Europe dips with FTSE and DAX falling, but CAC 40 gains. Asia surges — Japan and South Korea hit records on tech exports, Samsung and SK Hynix soar, despite Wall Street tech weakness. Hong Kong slips, Shanghai modestly rises. Australia, Taiwan, and India gain. Oil stabilizes on Hormuz reopening optimism, but deal details — like Israel’s Lebanon withdrawal — remain murky. Fed likely holds rates steady amid inflation concerns, dollar weakens vs yen/euro. Wall Street ends with Dow at record high, S&P dips — SpaceX surges on debut, Yum sells Pizza Hut.
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