Five Things You Need to Know to Start Your Day: Europe
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Good morning. Middle East tensions spark gains in oil and gold. France bites the budget bullet. UK Prime Minister Keir Starmer heads to Brussels. Here’s what people are talking about.
Oil advanced and gold held near a record high afterIran fired a barrage of missiles at Israel, causing Middle East tensions to flare up. The Israel Defense Forces said many of the missiles had been intercepted as Prime Minister Benjamin Netanyahu vowed to retaliate. The broad risk-off mood came as traders awaited further clarity over Israel’s response. Meanwhile, Hong Kong shares overcame cautious risk sentiment, extending a stimulus-induced rally as traders returned from a public holiday, driven by optimism about China’s economy and attractive valuations. However, gains eluded equities in Japan and South Korea, which were held back by more cautious sentiment.