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U.S. stocks are drifting, as crude oil prices continue to climb and more signals arrive showing the economy remains solid

southern Lebanon that are north of a UN-declared buffer zone, signaling that it may widen a ground operation launched earlier this week against the Hezbollah militant group. Israel has told people to leave Nabatieh, a provincial capital, and other communities north of the Litani River, which formed the northern edge of the border zone established by the UN Security Council after the 2006 war in a resolution that both sides accuse the other of violating. At least eight Israeli soldiers have been killed in clashes with Hezbollah in southern Lebanon, where Israel announced the start of what it says is a limited ground incursion earlier this week. The region was meanwhile bracing for Israeli retaliation following an Iranian ballistic missile attack.

Speaking to The Guardian, governor of the Bank of England Andrew Bailey said the BoE is watching the escalating conflict in the Middle East «extremely closely» but admitted that while the bank will pull out the stops to keep the market stable things could get «really bad». Following the Israeli invasion of southern Lebanon and Iran's retaliatory missile attack this week, oil prices increased by 3% in response to concerns the conflict could obstruct crude oil flows from the Middle East. Market Movers Blog: Oil prices rise as Middle Eastern conflict intensifies «Geopolitical concerns...

Bitcoin dropped 1.6% to $64,450, while Ethereum declined below the $2,650 level. The downturn in global markets was fueled by ongoing conflict in the Middle East, with continued Israeli attacks in Lebanon adding to geopolitical uncertainty. Additionally, investors remain cautious ahead of key U.S. economic data releases this week, including the payroll report, which could influence the Federal Reserve’s decision on another interest rate cut in November.

Federal Reserve Chair Jerome Powell's comments dampened expectations of significant interest rate cuts. Bitcoin fell below the $64,000 mark, while Solana, XRP, and Dogecoin also experienced declines. Fed Chair Powell indicated on Monday the U.S. central bank would likely stick to quarter-percentage-point cuts henceforth after new data boosted confidence in economic growth and consumer spending.

Iran launched a barrage of missiles at Israel, it warned Iran of consequences with Prime Minister Benjamin Netanyahu saying that Iran would «pay for the attack». Some analysts said Israel's response would likely be sharper this time, suggesting it could target Iran's nuclear or oil facilities. The US, meanwhile, is pushing for a measured Israeli response to avoid a broader regional war, but its influence may be limited in shaping Israel's next steps. This latest round of hostilities threatens to expand far beyond the Israel-Palestine struggle, pulling in regional powers like Iran, and sparking fears of a full-scale war across the Middle East. US President Joe Biden has said that he would not support an attack by Israel on Iranian nuclear sites in retaliation for Tehran's firing of missiles at Israeli cities. «The answer is no,» Biden said on Wednesday, when asked if he would support such retaliation after Iran fired missiles at Israel.

Iran’s direct attack on Israel this week has once again raised fears of a wider war in the Middle East — one that could now directly involve two of the region’s most well-armed nations.

Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...

U.S. stocks drifted to a mixed close near their record levels

Iran-Israel conflict escalates, according to TOI. The rising tensions, fueled by Iran's missile attacks on Tel Aviv and other cities on Wednesday, have left many Indian workers and students deeply anxious. “The situation is tough… We’ve never faced anything as threatening as this,” shared Rajesh Medicherla, a caregiver from Telangana working in Tel Aviv. Medicherla recorded a video showing a missile striking a building in the city, and in the footage, he can be heard exclaiming in Telugu, “bro… bro… padutundi (brother, it’s falling)!” He added that no one expected the missiles to reach as far as Tel Aviv. The attacks have left many Indian nationals, including students and workers, deeply unsettled. Although most remain safe for now, there is a growing sense of alarm as the situation could worsen at any moment. Several research scholars from Bengal, who are currently in Israel, are anxious to return to India but are facing obstacles. With most international flights grounded, their attempts to return home are being thwarted. Many are awaiting instructions from India’s Ministry of External Affairs regarding possible evacuations.

Carmon, while speaking to ANI, said that India should closely monitor the situation in Israel, as it has its own interests there. Carmon appreciated Prime Minister Narendra Modi's swift response, noting that he reaffirmed India's commitment to peace. Speaking about India's role in maintaining peace and stability in the Middle East, Carmon highlighted the strategic partnership between India and Israel, underpinned by strong bilateral relations.

geopolitical tensions in the Middle East. Several Gulf carriers have altered their routes to prioritise passenger safety, while neighbouring countries in the region have closed their airspace, forcing airlines to navigate alternative routes to avoid the escalating conflict. The Indian government on Wednesday issued a travel advisory urging its nationals to avoid non-essential travel to Iran. “We are closely monitoring the recent escalation in security situation in the region. Those currently residing in Iran are requested to remain vigilant and stay in contact with the Indian Embassy in Tehran,” read the advisory.

Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis...

Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...

Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...

Sam is a financial journalist with a focus on cryptocurrency market news, based in London. With a Master’s Degree in Development Management from the London School of Economics, Sam’s passion for...

Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...

Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...

The chatter around the Bank of Canada supersizing its next cut has grown in volume ever since the United States started its interest rate trimming campaign with a jumbo reduction.