pakistan
Oil drops, stocks mostly higher despite AI concerns
Key takeaways
- Iran reported “no tangible progress” in negotiations on ending the war, even as the US House of Representatives passed a resolution seeking to halt American military action.
- Israel meanwhile struck south Lebanon and threatened new attacks on Beirut despite an announcement earlier that the opposing sides had agreed to implement a conditional ceasefire.
- Elsewhere, a disappointing forecast by chip giant Broadcom stoked concerns about AI stock valuations, which have soared in recent months and helped push equity indexes to record highs.
Why this matters: local context for readers following news across Pakistan and the region.
Add ARY News on Google AAResize Oil prices and the dollar retreated Thursday as traders tracked conflicting developments in the Middle East war, while equity markets mostly rose despite a disappointing outlook from US chipmaker Broadcom weighing upon AI stocks.
Iran reported “no tangible progress” in negotiations on ending the war, even as the US House of Representatives passed a resolution seeking to halt American military action.
Israel meanwhile struck south Lebanon and threatened new attacks on Beirut despite an announcement earlier that the opposing sides had agreed to implement a conditional ceasefire.
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