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Iran’s weak response is a win for markets. But there’s more good news

Investors’ big war fears appear to have passed, and now the prospect of US interest rate cuts is getting stronger. That’s positive for complacent bulls.

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The missiles didn’t fly, but the doves did.

Well, some missiles flew. But Iran’s retaliatory attack on US bases in Qatar was so measured that it warned the US before firing 14 missiles, all of which were either destroyed or fell harmlessly.

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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
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    Original URL: https://www.afr.com/chanticleer/iran-s-weak-response-is-a-win-for-markets-but-there-s-more-good-news-20250624-p5m9rs