Global markets open against a backdrop of rising geopolitical risk, with Iran facing its most serious unrest in decades, oil prices climbing on supply fears, and US politics rattling markets after an unprecedented Justice Department probe into the Federal Reserve sent the dollar lower and gold to record highs. While the US economy remains resilient and earnings season begins, China continues to expand its global economic influence through trade and technology, even as Europe and Asia show signs of slowing growth, cooling labor markets, and weakening domestic demand.
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