Shares, bonds bounce as oil skid offers inflation relief
Global stock markets rallied on Monday as easing tensions in the Middle East led to a significant drop in oil prices. Investors are now focused on upcoming central bank meetings and corporate earnings reports to gauge the future of inflation and interest rates.
Why it matters
Market stability is currently highly sensitive to geopolitical conflicts and central bank policy shifts, impacting global investment portfolios.
BURSA SGX Home Global Markets Make The Edge Malaysia your preferred source on Google (July 27): Global stock markets climbed on Monday as easing Middle East hostilities sent oil prices sharply lower and eased inflation worries ahead of a packed week of central bank meetings and earnings reports.
Iran said on Sunday it would halt its own attacks as long as the US did the same, with the US military reportedly concerned about dwindling supplies of ammunition. The lull in fighting over the Strait of Hormuz saw Brent crude slide 6.3% to US$90.70 a barrel, while US crude dropped 5.7% to US$84.12.
Stock markets across the globe staged a relief rally on Monday after intense fighting in the Middle East over the past week pushed oil prices to above US$100 a barrel.
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