JPMorgan: The current overall market tone is positive.
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Golden Ten Data, March 25th | Kyle Craig, JPMorgan’s global market strategist based in Melbourne, said, “Currently, the market is fluctuating due to news events from the Middle East, so the overall tone is optimistic. However, the current challenge lies in... there are still many unknowns regarding the future direction of the situation and whether a substantial ceasefire agreement can be reached.” Mark Whelan, Head of Investments at Singapore’s Lucerne Asset Management, commented, “At present, the market seems to be reacting rather than predicting. Until the positions of the US and Iran become clearer, I think price movements will remain fragile. People are reluctant to follow volatility entirely driven by headline news, which can quickly reverse.”
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