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Tuesday, January 7, 2020

Markets Steady: Stocks Gain Despite Iran Fear

U.S. equity futures were steady on Tuesday and stocks in Europe and Asia advanced as investors attempted to set aside their fears about escalating tensions in the Middle East.   


As Oil gave back
some of its gains after a strong rally of  signs that Iran would be unlikely to strike against the U.S. in a way that would interrupt supplies. 

Even thou, Brent Crude derivative finances fell 49 cents to $68.42 a barrel, having been as high as $70.74 on Monday, while U.S. crude dropped 42 cents to $62.85.  

Meanwhile, European stocks and shares  rose 0.7%, tracking similar gains in Asia. MSCI’s broadest index of Asia-Pacific shares outside Japan recouped almost all of Monday’s losses. 

Stock futures for the S&P 500 firmed 0.2%.
  • Reuters/Bloomberg

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