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US Markets Gear Up for Jobs Report and Inflation Data Amid Middle East Tensions

Guavy AI Editorial Team
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The US markets are bracing for a busy week of economic data releases, including the jobs report and inflation reading, which will gauge the country's economic strength. Asian markets have been under pressure due to rising oil prices and uncertainty over a potential US-Iran truce.

Oil prices surged over 1% after President Donald Trump rejected Iran's proposed peace deal, escalating Middle East tensions and prolonging the closure of the Strait of Hormuz.

The dollar index reached its highest level in two months at 101.15 as investors await key inflation data and central-bank signals.

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