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Premarket BUZZ 13Jun2025🚨 #ABRMARKETWATCH
📈 Financial Update Summary:
- Tensions in the Middle East escalate: Israel attacks Iran's nuclear program sites, affecting global markets.
- Oil prices surge 8.3%, stocks decline (S&P 500 -1.2%), gold advances 1%. US Treasuries show little change, dollar rebounding from a three-year low.
- Sector impact: Energy stocks rise (Exxon Mobil Corp., Chevron Corp.), defense contractors move higher (RTX Corp., Lockheed Martin Corp.), travel stocks under pressure due to uncertainty.
- Geopolitical updates: Israel operation continues, Iran threatens retaliation, President Trump urges a deal.
- Risk-off moves observed due to tensions, inflation and safe haven factors at play.
- Air India flight crash under investigation, Walmart Inc., Amazon.com Inc. exploring stablecoins.
- Meta Platforms Inc. invests multibillion in Scale AI, BPCE agrees to acquire Novo Banco SA for €6.4 billion.
- Market performance: S&P 500 -1.2%, Nasdaq 100 -1.4%, Dow Jones -1.2%, Stoxx Europe 600 -0.8%, MSCI World -0.3%, Dollar Index +0.4%, Euro -0.6%, British pound -0.5%, Japanese yen -0.4%, Bitcoin -1.1%, Ether -4.6%, WTI crude +8.5%, gold +1%.
- Stay tuned for updates on Middle East tensions and keep an eye on the ticker! 📊 📈 💸
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