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Oil prices ​plummeted by more than $10 a barrel on Tuesday after soaring to an almost four-year high in the previous session after U.S. President Donald Trump predicted the war in the Middle East could end soon, lowering expectations of prolonged disruptions to oil supply.
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Deutsche Bank upgraded ​the U.S. ​and European technology sector ​to “neutral” from “underweight” on Tuesday and turned “overweight” on software, saying the months-long rout sparked ‌by ⁠fears ⁠of AI-driven disruption has likely ​run its course.
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Foreign investors sharply slowed their purchases of emerging market assets in February to below $22 ​billion even as flows remained positive across both debt and equities, data from a global banking trade group showed on Tuesday.
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U.S. stock markets and oil prices are holding steady Tuesday after significant volatility since the war with Iran began. President Trump’s comments initially raised hopes for a swift end, causing oil prices to plunge, but later remarks introduced uncertainty. Iran’s continued attacks maintain pressure on the Middle East, leaving markets awaiting further signals.
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Motilal Oswal Financial Services’ wealth management arm on Tuesday launched a digital bonds trading platform to enable investors to access fixed income securities.
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