Global Markets Remain Resilient Amid Middle East Tensions
Global equity markets rallied while oil prices plunged, as markets ignored the escalation in the Middle East, including Iran's missile offensive against U.S. bases in Qatar. Wall Street indexes climbed, with energy stocks hit hardest. Iran's attacks were seen as efforts to de-escalate tensions.
Global equity markets showed resilience on Monday as they rallied despite escalating Middle East tensions, with Iran launching retaliatory airstrikes against U.S. bases in Qatar.
Despite these developments, Wall Street finished higher as 10 out of 11 S&P 500 sectors advanced, though energy stocks suffered the biggest losses.
Iran's actions, thought to be aimed at de-escalation, had minimal direct impact on markets as traders showed a 'risk-on' sentiment, surprising many given the weekend's volatile events.
(With inputs from agencies.)
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