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Global stocks advanced Friday as Israel signaled ceasefire talks with Lebanon and Asian shares posted their best week in 3+ years. Oil held near $96.96 but remained on track for a weekly decline as U.S.-Iran delegations planned talks in Pakistan, with the Strait of Hormuz reopening tied to ceasefire terms.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Stocks advanced Friday as European markets headed for a third straight weekly gain and
00:07Asian shares posted their best week in over three years, according to Reuters.
00:11Israel said it sought talks with Lebanon,
00:13raising hopes for easing Middle East tensions and reopening the Strait of Hormuz.
00:18Iran said Israel's attacks on Lebanon remain a sticking point in its ceasefire with the U.S.,
00:23which requires reopening the Strait, as delegations from Tehran and Washington
00:26planned talks in Pakistan. European stocks rose 0.6 percent, and Wall Street futures were flat
00:32after the S&P 500 gained 0.6 percent Thursday. Deutsche Bank analysts said easing financial
00:38stress and hopes for de-escalation in Lebanon reduced concerns that the ceasefire could
00:42collapse before weekend talks. Oil rose to 96.96 but remained on track for a weekly decline,
00:48while the dollar index headed for its worst week since January.
00:51For all things money, visit Benzinga.com.
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