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Global Markets React To Syrian Leader's Ouster

A person looks at an electronic stock board showing Japan's Nikkei index at a securities firm Monday, Dec. 9, 2024, in Tokyo. (AP Photo/Eugene Hoshiko)

Global markets experienced a mixed day of trading as news of the overthrow of Syrian leader Bashar Assad and economic data from various countries influenced investor sentiment.

Following the weekend events in Syria, oil prices surged with U.S. benchmark crude oil rising to $67.95 per barrel and Brent crude reaching $71.81 per barrel.

In Europe, stock markets showed a varied performance with Germany's DAX falling, while the CAC 40 in Paris and Britain's FTSE 100 saw gains.

European markets showed mixed performance.
Oil prices surged after Syrian leader overthrow news.
Asian markets influenced by political and economic news.
Japan's Nikkei 225 index edged higher on economic growth.

Asian markets were also impacted by political and economic news. Hong Kong shares rose after Chinese leaders announced a shift in monetary policy, while South Korea's Kospi slumped amid political tensions.

In Japan, the Nikkei 225 index edged higher after the government reported better-than-expected economic growth for the third quarter.

Meanwhile, in the U.S., stock markets reached record highs on Friday following positive job market data. The S&P 500 and Nasdaq set new records, while the Dow Jones Industrial Average dipped slightly.

Investors are now looking ahead to the Federal Reserve's upcoming meeting, where another interest rate cut is anticipated.

Consumer sentiment in the U.S. appears to be improving, with a surge in buying activity reported in anticipation of potential price increases due to tariff threats.

In the tech sector, companies like Hewlett Packard Enterprise reported strong financial results, contributing to the market's positive performance.

Bitcoin prices remained volatile, hovering around $98,300 after reaching a record high the previous day.

Overall, global markets continue to react to geopolitical developments and economic indicators, with investors closely monitoring upcoming events and policy decisions.

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