Global markets saw oil prices decline and stocks advance after the United States and Iran paused retaliatory strikes. The dollar weakened against other currencies while Treasuries advanced amid reduced inflation concerns.
Traders are now focused on upcoming Federal Reserve interest rate decisions and reports from major technology companies. Central banks around the world are expected to stress the need for caution regarding potential effects of higher energy costs on inflation.
Singapore tightened its monetary policy, which strengthened its dollar relative to the US currency. The moves reflect efforts to manage domestic economic pressures amid shifting global energy supply dynamics.
Brent crude oil prices moved lower in line with the broader easing of Middle East tensions. Market participants continue to monitor developments in the region for any signs of renewed volatility.
