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Inflation Worries Keep Markets Wary Even After Iran Peace Deal

Inflation Worries Keep Markets Wary Even After Iran Peace Deal
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Inflation Worries Keep Markets Wary Even After Iran Peace Deal Bonds and stocks rallied on Monday after a US-Iran interim deal eased nerves, though market participants warned against celebrating too soon as the conflict’s economic fallout remains unresolved. The MSCI Asia Pacific Index climbed as much as 3.2%, while Brent crude, 10-Year Treasury yields and the dollar declined. Yet, strategists at KCM Trade, Pepperstone Group Ltd. and Stifel Nicolaus said the agreement is more likely to...

Inflation Worries Keep Markets Wary Even After Iran Peace Deal Bonds and stocks rallied on Monday after a US-Iran interim deal eased nerves, though market participants warned against celebrating too soon as the conflict’s economic fallout remains unresolved. The MSCI Asia Pacific Index climbed as much as 3.2%, while Brent crude, 10-Year Treasury yields and the dollar declined. Yet, strategists at KCM Trade, Pepperstone Group Ltd. and Stifel Nicolaus said the agreement is more likely to create a short-term trading opportunity than mark the start of a longer-term rally.
Iran (LOCATION) US (LOCATION) The MSCI Asia Pacific (ORG) Brent (PERSON) Treasury (ORG) KCM Trade (ORG) Pepperstone Group Ltd. (ORG) Stifel Nicolaus (PERSON)
Originally published by Bloomberg Markets Read original →