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Markets Rally on Middle East Deal | Dublin News
Description
Global markets surged to new highs this week as hopes of a Middle East deal to reopen the Strait of Hormuz sent oil prices plummeting and lifted investor spirits. Europe’s Stoxx 50 hit an all-time high, powered by strong earnings from Bayer and a tech rally, while London’s FTSE 100 climbed despite energy losses, with mining stocks soaring on rising metals. Wall Street also raced toward records, driven by optimism and solid corporate results—especially from Caterpillar and chipmakers—as geopolitical stability and corporate performance fueled a broad equity rally.
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