Global Stocks Waver as Rising Oil Prices and Tech Earnings Loom

Global stock markets were cautious on Monday as rising oil prices and concerns about inflation weighed on investor sentiment, while investors awaited earnings reports from major technology companies.

Oil prices climbed above $90 a barrel after escalating tensions in the Gulf disrupted shipping activity and raised concerns about global energy supplies.

Analysts warned that a prolonged conflict could push oil prices even higher, adding pressure to inflation and economic growth.

The increase in energy costs has led investors to rethink interest rate expectations.

Markets are now pricing in a greater chance that the U.S. Federal Reserve could raise rates sooner than previously expected, pushing bond yields higher and creating challenges for stock markets.

Investors are also focusing on upcoming earnings from major technology firms, including Alphabet, Intel and Tesla.

The results are expected to provide a key test for the artificial intelligence-driven rally that has fueled much of the market’s gains this year.

The combination of higher oil prices, rising bond yields and uncertainty surrounding tech earnings is likely to keep global markets volatile in the days ahead.