DBI Today: 52.5 (+3.4)
For the second night running, US forces struck targets inside Iran, and Tehran hit back at American positions in Bahrain and Kuwait, yet global markets shrugged and rallied anyway. The Daily Business Index climbed to 52.5, up 3.4 points and back above the neutral 50 mark, as investors decided the fighting, however alarming, hadn't yet touched the flow of oil or trade. Chip stocks led the charge, oil prices eased back from Wednesday's spike, and a solid US jobs report gave traders one less thing to worry about. It's less a sign the world got calmer overnight than a bet that this particular war, so far, isn't the one that breaks the global economy.
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