Crude oil hovered above $90 a barrel while equities were weak and the safe-haven dollar was firm on Monday as investors nervously watched for whether escalating violence in Gaza would cause the conflict to spread beyond Israel and Hamas.
U.S. Secretary of State Antony Blinken is visiting the region, seeking to prevent further escalation. Netanyahu agreed to lift a blockade of water supplies to parts of southern Gaza after speaking with U.S. President Joe Biden. Japan’s Nikkei share average fell more than 1%, while Australia’s S&P/ASX 200 index lost 0.15% in early trading. New Zealand’s equity benchmark slid 0.9%.
“The situation is dynamic and it’s too early to say if the hedges placed on Friday are unwarranted, but there have been pockets of positive news flow,” Chris Weston, head of research at Pepperstone, wrote in a note, citing the resumption of water supplies as one example.
Source: Financial Digest (financialdigest.net)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nervous markets eye Gaza as oil hovers above $90Crude oil hovered above $90 a barrel while equities were weak and the safe-haven dollar was firm on Monday as investors nervously watched for whether...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Nervous markets eye Gaza as oil hovers above $90Explore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »
After nervous start, Knies and Minten look to settle inMatthew Knies admits their line had some nerves early on in the Maple Leafs season opener against the Canadiens. But he, and rookie Fraser Minten are looking to settle in tonight, as they get set to host the Wild.
Source: TSN_Sports - 🏆 80. / 51 Read more »
Chaos in Gaza as Israel readies troops for ground assault | Watch News Videos OnlineIsrael says it aims to dismember Hamas and its military capability — revenge for those horrific attacks on southern Israel. It's insisting, however, civilians are not the enemy. Crystal Goomansingh has the latest on the humanitarian crisis growing in Gaza.
Source: GlobalNational - 🏆 81. / 51 Read more »
Growing concern of humanitarian crisis in Gaza | Watch News Videos OnlineAs Israel prepares to launch a ground offensive in Gaza, there are growing concerns about a humanitarian crisis for the hundreds of thousands living there. Carleton University political science professor Mira Sucharov talks about that and how Canadians can better understand the conflict.
Source: GlobalNational - 🏆 81. / 51 Read more »
Protestors in Calgary call for ceasefire in Gaza | Watch News Videos OnlineHundreds of people supporting the rights of Palestinians living in Gaza and the West Bank rallied in front of Calgary City Hall on Sunday. As Carolyn Kury de Castillo reports, many are demanding Canada take a stronger stand in hopes of saving innocent civilians.
Source: GlobalCalgary - 🏆 50. / 61 Read more »