Markets React to Middle East Tensions and Economic Policies

Global markets experienced mixed reactions amid escalating Middle East tensions following Iran's missile attack on Israel. Wall Street closed slightly higher, with the S&P 500, Nasdaq, and Dow all seeing marginal gains, bolstered by positive private-sector hiring data in the US. European markets remained stable, with energy and defense stocks gaining due to rising oil prices. In Asia, Japan's Nikkei saw significant declines due to geopolitical concerns and a strong yen, despite positive domestic economic indicators like a stable unemployment rate and improved business confidence. Conversely, Hong Kong markets rallied on optimism over China's new housing policies, showcasing a strong surge in property stocks. These market dynamics highlight the influence of geopolitical tensions and domestic economic policies on global financial markets.