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Iran strikes back but is this the turning point for markets?
It has not taken Iran long to respond to the US killing of General Qassem Soleimani. On the day of his funeral, Iran has fired rockets into US controlled bases in Iraq. With President Trump seeming confident that the attack has done little lasting damage or loss of life (according to western media), the question is whether this is the end of the proportionate response the market has been fearing, or just the beginning. If Iran, and more importantly, President Trump, sees this as an eye for an eye, then markets can begin to look beyond this conflict. There are signs of this view being taken early today. What is more ... (full story)
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