Palestinian media reports Israeli raids continue on various areas of the Gaza Strip, according to Sky News Arabia

Newsquawk Staff · 9 Jan 2026, 00:25 UTC

Palestinian media reports Israeli raids continue on various areas of the Gaza Strip, according to Sky News Arabia.

What it means

The continuation of Israeli raids in Gaza heightens geopolitical tensions, which could lead to risk-off sentiment in markets. Typically, such developments drive demand for safe-haven assets like gold and the Japanese yen, while pressuring risk-sensitive currencies like the USD and EUR. It's crucial to monitor how this escalates, as it might influence energy prices and cross-asset flows.

Sources

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EU Market Open, 9 Nov, 06:36 UTC · what it led with

US President Trump said it is highly unlikely the US will need to resume military action against Iran if negotiations progress, while Secretary of State Rubio said talks have been unproductive.
DXY consolidated after Friday's jobs-driven upside; Antipodeans outperformed, with the NZD aided by the weekend's election result.

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Iranian President Pezeshkian says the Supreme Leader has granted the government some authority on dialogue, ISNA reports.
EUR/USD+0.1%
ECB policymakers see a December rate hike followed by a pause; New ECB staff estimates show the rise in bond yields cutting growth by a cumulative 100bps and inflation by 90bps in 2027-28 vs the September baseline, according to reports, citing sources.
EUR/USD−0.1%
ECB President Lagarde (Q&A) says policymakers believe they are in a good position to wait for incoming information. The situation they are in could have warranted a hike.
EUR/USD+0.1%

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