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The conflict in the Middle East has entered a more volatile phase as Israel broadens its military campaign to include intensified strikes on Hezbollah positions in Lebanon. The escalation follows a series of missile and drone attacks launched by Hezbollah in retaliation for the killing of Iran’s Supreme Leader, Ali Khamenei, an event that has reshaped the region’s political landscape. Israeli forces have targeted intelligence, security, and command centers linked to Hezbollah, marking a significant widening of the confrontation that had already spilled beyond Israel and Iran into neighboring territories. Explosions have been reported across Lebanon and even as far as Tehran, underscoring the geographic reach of the conflict. Hezbollah’s involvement—long anticipated due to its close ties with Tehran—has intensified fears of a broader regional war. The group acknowledged launching missiles and drones toward Israel, prompting swift and forceful retaliation. The United...
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Asia Stocks Set to Open Lower Following Declines in European Stocks and Bonds
According to a Bloomberg report, Asian equities are expected to open lower on Tuesday following declines in European stocks and bonds as European Central Bank officials tampered down rapid rate cut expectations.
US markets were shut for a holiday Monday. Share futures for Australian and Hong Kong benchmarks slipped, while those for Japanese equities rose. The region-wide Euro Stoxx 50 inched 0.3% lower Monday, partly weighed down by a contraction in German gross domestic product in the fourth quarter, although Europe’s largest economy managed to avoid recession. Elsewhere, oil prices retreated, even as tensions in the Red Sea endured. Houthi militants hit a US-owned commercial vessel with a ballistic missile on Monday, underscoring the risks facing one of the world’s most important trade routes. West Texas Intermediate, the US oil price, fell 0.3%, while Brent, the international benchmark slipped 0.2% Monday.
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