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Global stocks rise amid oil drop and AI concerns
The global financial markets experienced a rally as oil prices declined and concerns over artificial intelligence eased, with both U.S. and European stocks rising and stock indices successfully ending two consecutive losing streaks. Brent crude oil prices fell below $104 following statements from the American president about talks with Iran and ongoing oil flows through the Strait of Hormuz, which helped reduce inflation pressures. The bond market also saw volatile movements, the dollar dipped slightly, while major currencies, Bitcoin, and Ethereum gained. Technology companies are heading toward new offerings, while others have postponed their IPO plans due to investor hesitation, amid market focus on corporate earnings reports and light economic data.
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