Author: Jennifer Onyeagoro

Despite a rebound Thursday, the MSCI Asia Pacific Index has tumbled about 6% this week, compared with a 0.1% slide in the S&P 500. The swing indicates a reversal of a rotation by global funds into Asia and a renewed shift toward the US as a haven, a move also supported by a stronger dollar. The Iran war has impacted Asian stocks disproportionately, partly because of the region’s outsize reliance on fuel shipments through the Strait of Hormuz.Read More

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EUROPE BEFORE THE BELL: TAKING STOCKEuropean equity futures are a little weaker on Thursday, with risk appetite still shaky as the conflict in the Middle East continues into a sixth day. The war has widened sharply, with a U.S. Euro STOXX 50 futures EUREX:FESX1! are down about 0.6%. The index rose…Read More

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