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Global equities suffered further losses, and the S&P 500 hit a six-month low as the conflict in the Middle East raged on and the Strait of Hormuz remained shut.
Heightened volatility and selling pressure continued to sweep across all asset classes as the war in the Middle East ended its third week.
Global equities fell -1.3% in EUR terms amid the developing conflict in the Middle East. The market priced in higher inflation expectations as the price of oil surged 37.9% in EUR terms, its largest weekly gain in futures trading since 1983.