📊 Global Market Update | Monday

Oil prices dropped sharply over the weekend, with crude falling more than 4% after U.S. President Donald Trump indicated positive progress in talks with Iran regarding the reopening of the Strait of Hormuz. The easing of geopolitical tensions reduced concerns over supply disruptions.

WTI crude slipped close to $92 per barrel, while Brent traded near $98. Although prices corrected, crude remains over 30% higher compared to levels seen before tensions in the Middle East escalated earlier this year.

Asian markets reacted positively, with Japans Nikkei 225 rallying to a fresh all-time high above 65,000 as investor confidence improved on signs of easing tensions.

U.S. equities also remained strong ahead of Mondays Memorial Day holiday closure. The Dow Jones ended above 50,500 for the first time, while both the S&P 500 and Nasdaq closed at record highs, reflecting strong optimism around global growth and reduced geopolitical risk.

In forex, EUR/USD opened the week on a stronger note, climbing back toward the 1.1600 zone as softer safe-haven demand weighed on the U.S. dollar.

Gold traded near $4,580 on Monday and remained supported by geopolitical uncertainty, though upside stayed limited as markets continue to monitor U.S.-Iran negotiations. Expectations that the Federal Reserve may keep rates elevated into 2026 also continue to support the dollar and cap momentum in non-yielding assets.

🔔 Markets remain focused on Middle East developments, central bank expectations, and risk sentiment heading into the new week.

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