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BBCNEWS World July 3, 2024

The concern has been that this conflict in israel, between israel and hamas would lead to a widening Global Crisis that would threaten the Global Oil Supply and thats why we have seen these crude Oil Prices Rise in the last week, rising up 7. 5 , marking its biggest weekly rise since february. This morning we are seeing that we can to steady and there are a couple of reasons why there are a couple of reasons why the market is changing its tune is one of them is Bank Earnings which we pointed out on the other is present by the s planned a visit to israel. We can start with President Biden and his visit comes at a crucial type and is being taken by investors as a signal that the crisis might see efforts to be ....

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BBCNEWS Asia July 3, 2024

New zealanders have been feeling the pinch from soaring prices as well as unaffordable housing. Meanwhile the central bank has pledged not to lower the official cash rate from its 15 year high Arthur Grimes from Victoria University of wellington spent a decade as chairman at the Reserve Bank Of New Zealand between 2003 and 2013. There are many priorities for the incoming government. The issue will be the structure of the government as to whether they will be able to do much to tackle the economic problems that are there. At the moment, we dont know and we wont know for another two weeks whether the new Prime Minister will be able to form a governmentjust with the act party, a smaller Libertarian ....

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BBCNEWS Asia July 3, 2024

A day after top opec producer saudi arabia pledged to help stabilise the market. Overnight, the wall street major indices closed higher, the Us Central Bank has hinted it might hold steady on another Interest Rate hike as well. Federal reserve officials are embracing the higherfor Federal Reserve officials are embracing the higher for longer strategy, according to the newly released minutes from their september meeting. It shows that while officials are divided on the question of whether the Us Central Bank will hike Interest Rates again before the year is out, they all seem to think rates will remain high for some time. What the fed decides to taste the cost of borrowing in the us and has spill over for marke ....

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BBCNEWS World July 3, 2024

Speaking this morning ahead of the Imf World Bank meeting in marrakesh, ms yellen said washington was monitoring the potential Economic Impact of the escalating conflict. Well, let me say that at this stage, we are focused on human beings that have been affected by these barbaric attacks on israel and the suffering that it has caused. As President Biden said, we stand firmly behind israel and are there to support israel in any way that is necessary. And while we are monitoring potential Economic Impacts from the crisis, im not really thinking of that as a major likely driver of the Global Economic outlook. So we will see what impact it has. Thus far, i dont think we have seen anything suggesting it would be ....

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