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Investors pause equity selling as fears of immediate Iran-U.S. escalation abate

European shares fell on Wednesday and U.S. equity futures pointed to weakness on Wall Street after Iran’s attack on U.S.-led forces in Iraq, but earlier sharp market moves were starting to fade as fears abated that the raid would lead to an immediate military escalation.

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Boeing 737 Bound for Ukraine Crashes in Iran; No Survivors

(Bloomberg) — A Boeing Co. 737-800 passenger jet bound for Ukraine crashed shortly after takeoff in Iran, killing everyone on board.Ukraine International Airlines said 167 passengers and nine crew members were aboard Flight 752, which crashed at 6:18 a.m. local time in Sabashahr near Tehran. Ukrainians, Iranians and Canadians were among those aboard, it said.The head of Tehran’s Disaster Mitigation and Management Organization, Mansour Darajati, said early assessments suggest the crash was caused by a technical issue, IRNA reported. Another state-run outlet quoted an official from the Iran Civil Aviation Organization as saying the airline didn’t declare an emergency.Television footage …read more […]