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BofA’s Hartnett Sees European, Japanese Stocks at Risk From War
A prolonged Iran war is a risk to the bank-stock powered rallies in Japan and Europe as investors abandon these markets in favor of exposure to oil and the US dollar, Bank of America’s Michael Hartnett said.
Gold Set for Weekly Loss as Dollar Strength Offsets War Premium
Gold recouped some losses but remained on track for the first weekly decline in more than a month, pressured by a stronger US dollar and inflationary risks tied to the ongoing war in the Middle East.
Lanxess Slumps as Failed Asset Sale Raises Risk of Junk Rating
Lanxess AG shares fell to their lowest since 2009 after the German chemicals company failed to complete an asset sale, raising concerns it could lose its investment-grade credit rating.
US Stocks Flip Narrative, Beating Rest of World as War Drags On
US stocks have flipped the script for international investors since war erupted in the Mideast, handily outpacing the rest of the world after trailing their global peers badly last month.
Smoke Free Sweden: Nicotine Pouch Restrictions Deprive Canadian Women of Best Tool to Quit Smoking
OTTAWA, Ontario — On International Women’s Day (March 8), Canadian policymakers are being warned that strict controls on oral nicotine pouches are limiting access to an innovation linked to one of the world’s sharpest declines in female smoking. The war…
Emerging Currencies, Equities Set for Worst Week Since Pandemic
Emerging-market equities and currencies are set for their biggest weekly declines since the Covid pandemic started six years ago as a halt to the hostilities in Iran remains elusive and volatility spikes.
EU Sees No Justification to Release Oil Stocks Amid Iran War
The European Union told member states this week that there is currently no justification to release strategic oil stocks, even as the Iran War continues to hamper key shipping lanes in the Strait of Hormuz, according to people familiar with the matter.
A Copper Market Awash With Metal Sours Traders’ Bullish Mood
A bearish mood is sweeping through the physical copper market.
Generic Ozempic Could Cost Less Than $3 a Month, Study Shows
Generic versions of Novo Nordisk A/S’s hit shots Ozempic and Wegovy could be sold for under $3 a month, a new study showed, underscoring their potential to unlock global access to powerful weight-loss drugs.
Bond Traders Scour Payrolls to Gauge Fed Path Amid Oil Shock
Bond investors, who have been focused on inflation since the Iran war began, say a surprise in the monthly US jobs report has the potential to upend their expectations for Federal Reserve interest-rate cuts.