Geopolitical tension in global markets
While Hamas accepted Qatar and Egypt’s ceasefire offer, Israel rejected it. The rejection of the ceasefire had an impact on oil prices.
Wall Street indices finished Monday with gains after statements from Fed officials supported the expectation that interest rates would fall at some point this year.
The S&P 500 and Nasdaq 100, which are up more than 1 percent, are showing a flat and mixed outlook in futures trading this morning. In Asia, China and Hong Kong stock indices fell after weak holiday data from the world’s second-largest economy.
MSCI Asia Pacific Index, on the other hand, progressed to its longest upward streak since February, with the support of the rise in Japan, South Korea and Australian Stock Exchanges.
The Japanese yen lost value after the country’s top exchange rate official, Masato Kanda, said the market was functioning properly and there was no need for intervention.
Oil prices are rising after Israel rejected a ceasefire offer. The barrel price of Brent oil, which rose 0.45 percent on the first trading day of the week, increased by 0.2 percent this morning and reached 83.5 dollars.
Bloomberg Dollar Index is trading at 1,252 with a slight increase. The US 10-year bond yield decreased to 4.47 percent.