简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:Oil prices continued to ease during early Monday trading, with the barrel of Brent costing a dollar less than it did at Friday’s market close. The easing in prices comes as fears of a conflict escalation in the Middle East recede.
OIL
Oil prices continued to ease during early Monday trading, with the barrel of Brent costing a dollar less than it did at Fridays market close. The easing in prices comes as fears of a conflict escalation in the Middle East recede. Supply-side worries drove the recent rally in crude prices, with many fearing that a protracted war, which could spill over across the Middle East, would lead to a reduction of supply in the global oil market. Recent diplomatic developments helped ease tensions, bringing some hope of a de-escalation in the war. However, the situation remains volatile, and oil prices will likely remain supported and dominated by upside risk.
EUROPEAN SHARES
Equity markets started the new trading week on the back foot on Monday, sliding lower from Frankfurt to Madrid as global uncertainties linger.
Geopolitical concerns are still denting risk appetite this week as investors digest the prospect of a military conflict spreading to neighbouring nations in the Middle East, especially after Hezbollah organization in Lebanon started exchanging fire with Israel over the weekend. Meanwhile, China, who previously warned against the risks of a potential conflict escalation, also sent six warships to the region over the weekend, adding further pressure to market sentiment this morning.
Elsewhere, equity investors remain under the pressure of higher borrowing costs and rising treasury yields and are bracing for key economic data from the US alongside a monetary decision from the ECB later this week.
Market volatility will likely remain high until the end of October, as investors have to deal with many major market drivers simultaneously, which could lead to sharp price action in many asset classes.
Technically speaking, todays drop on the STOXX-50 index led the market to hit a key long-term support level at 4,014.0pts (38.2% Fibonacci retracement of the market rally started last year) where a correction may take place, even if the trend remains mostly bearish for stocks so far.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
ITrade FX Market's $30 No Deposit Bonus Might Come With Risks.
In this article, we will conduct a comprehensive examination of GHC. WikiFX endeavours to provide you with the essential information required to make an informed decision about utilizing this platform.
In this article, we’ll look in-depth at YFX Capital, examining its key features, fees, safety measures, deposit and withdrawal options, trading platform, and customer service. WikIFX aims to provide you with the information you need to make an informed decision about using this platform.
Malaysian police have dismantled a GHC Forex and cryptocurrency investment scam syndicate, seizing assets valued at RM51.2 million.