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Market pulse: Asian stocks steady; oil prices slide further as Israel-Iran ceasefire holds
Asian equities remained stable as a tentative ceasefire between Israel and Iran eased investor concerns, causing oil prices to drop to multi-week lows. This decline in oil prices has reduced inflationary pressures, potentially paving the way for central banks to consider interest rate cuts. Wall Street and European markets rallied, while the dollar weakened amid cautious optimism.
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