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Commodities

Oil Prices Surge Amid Iran Conflict, Tech Earnings Loom

Guavy AI Editorial Team
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Oil
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The US equity futures market remained volatile ahead of major tech earnings reports from Microsoft, Meta, and Qualcomm. These companies' results will be closely watched following a significant increase in capital spending signaled by SK Hynix.

Oil prices have surged after the US announced it intercepted an Iranian attack on military bases, effectively ending the pause in fighting between the two nations. This development has contributed to the recent rally in oil prices.

Priya Misra of JPMorgan Asset Management is looking ahead to the Federal Reserve's upcoming decision, which could have a significant impact on interest rates and market sentiment.

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