Asian markets mostly rose Tuesday and oil was subdued as Joe Biden prepared for a trip to the Middle East aimed at preventing the Israel-Hamas conflict spilling over into a regional conflagration.
The US president's trip comes as Israeli Prime Minister Benjamin Netanyahu lines up forces on the Gazan border ahead of an expected ground incursion as Tel Aviv retaliates after deadly October 7 attacks by the militants.
The drive to avert a war that could draw in other regional players, including Iran and Lebanon-based Hezbollah, helped push Wall Street higher Monday, with all three main indexes up around one percent. Traders are also keeping an ear on Federal Reserve officials' comments on the bank's plans for interest rates, with several lining up to say they are happy to pause as they assess the impact of more than a year of tightening on inflation.
A planned meeting Wednesday in Beijing between Chinese President Xi Jinping and his Russian counterpart Vladimir Putin will also be closely followed this week. Natural and man-made disasters have caused $3.8 trillion in crop and livestock losses over 30 years, the UN’s Food and...
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