European markets stabilized following the German election, which avoided extreme outcomes and provided a sense of relief to investors. Attention is now turning to upcoming Eurozone inflation and business sentiment data, which could influence future market movements.
The stabilization in Europe contrasted with mixed results in Asia, where Australia’s S&P/ASX 200 opened 0.81% lower and Hong Kong’s Hang Seng index fell by 0.7%. Japanese markets remained closed due to a public holiday.
In the U.S., stock futures showed signs of recovery after a sharp decline on Friday. The Dow Jones Industrial Average had dropped 1.69%, reflecting investor caution ahead of key economic data releases, including the Chicago Fed National Activity Index.
The U.S. dollar weakened against major currencies, boosting gold prices near record highs. Bitcoin remained stable around $96,000, while oil prices held steady as traders awaited U.S. inflation data.
