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Oil spikes and stocks slide
Description
The widening Middle East war pushes oil and European gas prices sharply higher, rattling global markets for a second day. Treasury yields climb as inflation worries outweigh haven demand. Currency tensions escalate as Japan and Switzerland both threaten intervention.
Today’s recommended read: Dollar gets its mojo back - but only by default, Mike Dolan
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Produced by Eliza Davis Beard, Ethan Plotkin and Abisoye Adelusi
Sound engineering and music by Sebastian and Josh Sommer
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