Global stocks dip, oil gains further on Middle East conflict
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NewsTranscript
00:00Global stock fell as European and Asian markets declined, with oil prices rising amid concerns
00:05about escalating conflict in the Middle East. Eurozone stocks dropped 0.5% due to weak business
00:12data, while the MSCI Global Index fell to 0.2%. In Asia, stocks outside Japan decreased 1%,
00:21mainly due to decline in Hong Kong shares. Japan's Nikkei rose 2% after the new Prime
00:26Minister indicated no immediate interest rate hikes. Geopolitical tensions increased after
00:32Israel bombed Beirut. Oil prices gained over 1%, with Brent at $75.27 and U.S. crude at $71.52,
00:43driven by worries about potential disruption to oil supplies.