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Global stocks advanced Wednesday and oil prices jumped more than $2 a barrel after Hamas’s top political leader Ismail Haniyeh died in an air strike. Haniyeh died in a predawn airstrike in the Iranian capital early Wednesday, Iran and the militant group said, blaming Israel for a shock assassination that could escalate conflict in the region, potentially affecting oil supplies. There was no immediate comment from Israel, which has pledged to kill Haniyeh and other Hamas leaders over the group’s Oct. 7 attack on southern Israel in which the Palestinian militant group killed 1,200 people and took some 250 others hostage.

The yen’s popularity as a funding currency can cause knock-on effects in other markets, helping tighten global financial conditions, BlackRock said.

The yen’s popularity as a funding currency can cause knock-on effects in other markets, helping tighten global financial conditions, BlackRock said.

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(Bloomberg) -- Just as the Federal Reserve seems ready to clear the way for Latin American central banks to keep cutting interest rates, growing political problems at home are set to disrupt — if not reverse — those easing campaigns.Presidents across the region are lashing out against policymakers for high borrowing costs that are hindering the vigorous economic growth they promised, and in some cases are directly fanning inflation. As central bankers from Brazil, Colombia and Chile all convene