Global markets recovered overnight as investors responded to easing tensions in the Middle East. Defensive stocks retreated as concerns eased, while risk appetite returned across sectors. Tech led the charge, with AMD shares surging on expectations of a sharp rebound for the chipmaker. Meta Platforms also rallied, buoyed by news it will finally introduce ads on WhatsApp. In the consumer space, Estee Lauder and Coty jumped amid takeover speculation. Meanwhile, oil prices fell on signs the Middle East conflict may not impact crude production as initially feared and gold slipped 1%, with investors taking profits after recent gains. Closer to home, Aussie shares are set to open higher on Tuesday, as traders look ahead to the Bank of Japan’s policy decision.
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