Global Markets Show Resilience Amid Rising Geopolitical Tensions
Global markets showed restraint on Monday as investors awaited Iran's response to U.S. nuclear site attacks. Potential trade and inflation risks loom, with oil prices hitting five-month highs. Analysts predict oil could spike if Iran retaliates. Economic data and Fed commentary are closely watched.
Global financial markets displayed composure on Monday as investors keenly observed the situation following U.S. strikes on Iranian nuclear facilities. With global trade and inflation risks in the balance, investors refrained from a frenzied retreat to safety assets.
Though oil prices surged earlier, they settled with a modest increase, trading at five-month highs. Amid this uncertainty, European shares slipped slightly, while Asia-Pacific markets reacted differently, reflecting regional disparities.
Key economic indicators, such as U.S. core inflation data and Fed officials' statements, particularly that of Chair Jerome Powell, are expected to influence market sentiments as geopolitical tensions simmer.
(With inputs from agencies.)
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