Part 1/7:
Market Overview and Key Highlights from the Close
The U.S. equity markets experienced a pullback this Monday, notably reflected in the S&P 500, which was down approximately 0.5%. Investors appeared to take a breather from the recent market rally amidst an eventful geopolitical landscape. The market was bracing itself for the much-anticipated inflation data coming later in the week, with the ten-year Treasury yield hovering around 4.19%.
As markets reacted, there was a notable rise in major Chinese stocks, buoyed by expectations of a looser monetary policy from Beijing, which in turn lifted oil prices. The presence of significant geopolitical concerns dominated discussions around the market movements.