Equities rallied globally as geopolitical tensions in the Middle East showed signs of easing. However, surging energy prices and impending U.S. economic data keep investors on high alert.
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Rising Treasury yields and persistent inflation data knocked major indexes from their record highs, ending a volatile trading week. Meanwhile, escalating geopolitical tensions in the Middle East have sent oil prices soaring, adding pressure to the Federal Reserve during a key leadership transition.
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