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1 PM Market Flash: Venice Biennale opens without a jury amid strife over Russian and Israeli participation | Apollo CEO warns there’s now a

Bitcoin breaking above key resistance is lifting risk sentiment with the cryptocurrency currently trading at 80,629 up 1 percent over the past 24 hours. In the European market Iran is keeping Washington waiting on its response to the latest proposal after fresh flareups in fighting while Tehran now signals that control of the Strait of Hormuz is its top priority sending a clear warning on oil flows. That geopolitical tension is complicating the Fed rate cut outlook after a surprising jobs report and fresh comments from a Fed official that triggered new warnings on the timing of any easing. SPX is trading at 7398.93 unchanged on the session while the VIX sits at 17.19. Apollo's CEO is out warning there's now a 35 percent chance of a major market shock amid all the AI driven upheaval. I am your VixShield news reporter. Back to you, Russell.

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