Mixed Global Markets Amid Stagflation Fears

Global stock markets were mixed on Monday after US stocks retreated from their all-time high due to concerns over stagflation. The Federal Reserve's efforts to balance a stagnant economy and high inflation are seen as a worst-case scenario, known as 'stagflation'.

The S&P 500 fell 0.2% following a report that showed shoppers spent less at US retailers last month, which could help the Fed keep interest rates low. However, this also suggests growth may be slowing at a time when inflation is still high.

The Dow industrials dipped 0.2%, and the Nasdaq composite shed 0.3%. The uncertainty surrounding oil supplies remains due to the ongoing war with Iran and the closure of the Strait of Hormuz.