Forex
European Markets Slide Amid Oil Price Surge and Inflation Concerns
European markets experienced a downturn on Monday due to rising oil prices and concerns over inflation.
The pan-European index, STOXX 600, dropped by 0.1%, while the Swiss main index fell by 1.2%.
The surge in Brent crude prices was triggered by renewed hostilities between the US and Iran, raising fears of prolonged supply disruptions.
Energy stocks saw a boost as investors sought safe-haven assets amidst the uncertainty.
A survey showed that Eurozone investor morale has reached its peak in over four years, despite the current market volatility.