Global markets experienced a mixed bag of results last week, with the US stock market yielding mixed outcomes. The Dow Jones fell 0.60%, while the Nasdaq surged 3.34%. The S&P 500 bucked the trend, rising 0.96%.
In Europe, indices showed an uptrend, with the FTSE 100 in the UK up 0.26%, DAX 30 in Germany increasing by 3.86%, and CAC 40 in France rising 2.65%.
This week, the US Consumer Price Index (CPI) will be closely watched as central banks in Europe, Canada, and Switzerland consider rate cuts. Australia is expected to maintain its steady stance.
Meanwhile, OPEC+ postponed oil production increases, but crude prices dipped due to lower demand. Oil prices decreased by 1.18% for WTI and 1.00% for Brent. Gold prices also dropped, influenced by the Federal Reserve’s interest rate decisions.
Source: https://www.gurufocus.com/news/2626735/global-markets-brace-for-key-economic-data-amid-geopolitical-tensions