Global stock markets saw an upward trend on Monday as attention was focused on developments in the Middle East conflict. This comes at the start of a week loaded with earnings reports and economic data.
Asian trading was marked by a significant leap in the Japanese yen, causing the dollar to fall sharply. Investors are cautious about potential market interventions, especially after Japan’s prior actions to stabilize its currency.
Amidst geopolitical tensions, Brent crude oil prices spiked over $2.50 per barrel, reflecting underlying market fears. In Europe, trading was largely muted with some regions taking public holidays, while central banks remain vigilant over inflationary threats posed by rising oil prices.
(With inputs from agencies.)
