Market Sentiment Improves on Falling Oil Prices and Technology Sector Gains

The market sentiment improved on Monday, driven by several factors. The drop in oil prices, which fell to USD 100 per barrel, reduced concerns about inflation pressure and boosted investor confidence.

A key catalyst was the upcoming meeting between Xi Jinping and Donald Trump, which increased hopes for a de-escalation of the conflict through diplomacy.

The technology sector also saw significant gains, with NASDAQ 100 futures rising over 2% and other US indices increasing by around 0.5 to 1%. Meta and ARM Holdings were key drivers of this growth, backed by fundamental support.

In the crypto market, Bitcoin surged more than 5%, Ethereum rose over 3%, and Solana gained 5%. The SEC's publication on regulatory changes regarding tokenized shares triggered a wave of gains across the entire crypto market.