Central Bank Speeches to Steer Markets Amid Geopolitical Tensions

The global markets are experiencing moderate volatility as the week begins, primarily due to ongoing geopolitical tensions in the Middle East and Eastern Europe.

The Russian Ministry of Defense has reported attacks on Ukrainian ports and logistics centers, while Iran has announced a change in the geography of the war in response to potential new strikes.

However, some positive trade data from South Korea has drawn attention, with a rise in trade surplus and imports recording strong year-on-year growth.

Investors will focus on speeches by central bank representatives today, including European Central Bank President Christine Lagarde and Bank of Canada Governor Tiff Macklem.