"Israeli media: A limited operation against Iran may be carried out to avoid a prolonged war", Al Arabiya reports

The suggestion of a limited operation against Iran indicates a potential for escalated military actions, which could heighten regional tensions.

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[MARKET ANALYSIS] Downbeat sentiment across European bourses, SAP +6% after a EUR 10bln share buyback

Italy sells EUR 2.5bln vs exp. EUR 2.25-2.5bln 2.20% 2028 BTP Short Term: b/c 1.63x (prev. 1.78x) & average yield 2.80% (prev. 2.89%)

"Israeli media: A limited operation against Iran may be carried out to avoid a prolonged war", Al Arabiya reports

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This situation typically benefits safe-haven assets like gold and the JPY while negatively impacting risk-sensitive currencies such as the EUR and GBP. Traders should monitor energy prices, particularly WTI, as military actions may disrupt oil supply, influencing inflation expectations and global market sentiment.

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