Oil Price Surge Sparks Cautious European Stock Market Open
European stock markets are expected to open cautiously on Monday due to rising oil prices and heightened inflation concerns. The surge in oil prices follows President Donald Trump's rejection of Iran's proposal to reopen the Strait of Hormuz, with Tehran stating that it will not ease its conditions for reopening the vital waterway.
Global bond yields have also increased amid growing expectations for additional monetary policy tightening. This comes as investors take a cautious approach, encouraged by rising oil prices and inflation risks.
No major economic or corporate earnings releases are scheduled for Monday in Europe, although preliminary inflation data from across the region will be released later this week. Unemployment figures for the Eurozone, Germany, France, Italy, and Spain are also due to be released.