LIVE UPDATES
On Monday, Asian and European stock markets experienced an upward surge as traders anxiously awaited this week's pivotal US inflation data. Market sentiment remained influenced by lingering concerns that the Federal Reserve might opt for further interest rate hikes.
Last week, key figures at the central bank issued warnings, signaling a potential necessity for additional tightening measures to rein in rising prices. This tempered the optimism that had emerged regarding the conclusion of the hiking cycle, triggering a widespread sell-off on Friday.
Despite the cautious atmosphere, a tech-led surge on Wall Street just before the weekend provided a glimmer of relief for traders at the start of the new week. The positive momentum from the US markets spilled over into both Asian and European exchanges, prompting a notable rebound.
The anticipation surrounding the forthcoming US inflation data continues to be a driving force in global financial markets, with investors closely monitoring the indicators for potential impacts on the Federal Reserve's policy decisions. The uncertainty surrounding the trajectory of interest rates adds a layer of complexity to investment strategies, prompting traders to navigate cautiously in the face of potential shifts in monetary policy.
As the week unfolds, the global financial landscape remains dynamic, shaped by the delicate balance between economic indicators and central bank decisions. The resilience displayed by markets in the face of recent volatility underscores the ongoing sensitivity to inflationary pressures and the pivotal role the Federal Reserve plays in shaping investor sentiment.
