Global Markets Wobble Amid Interest Rate Speculations and Middle East Tensions

World equity markets declined on Monday as investors considered the likelihood of U.S. interest rate cuts and rising oil prices due to Middle East tensions. The S&P 500 and Nasdaq fell, while the Dow rose slightly. Market focus also shifted to Nvidia's upcoming earnings report, with significant implications for tech stocks.

Global equity markets experienced a dip on Monday as investors evaluated the anticipated reduction in U.S. interest rates amidst a surge in oil prices prompted by escalating Middle East tensions. The S&P 500 and Nasdaq struggled to hold onto early gains, while the Dow Jones Industrial Average managed a slight rise.

European stock exchanges ended the day with minor losses, especially with the London market closed for a public holiday, and Japan's Nikkei index also saw a decline. The primary market sentiment was influenced by potential Federal Reserve rate cuts following remarks from Chair Jerome Powell and better-than-expected durable goods orders.

Investors are closely watching Nvidia's earnings report this week, which has been a significant driver in the tech sector's performance this year. In addition, the energy market reacted to continuing conflicts between Israel and Hezbollah and production halts in Libya, pushing up crude prices. Meanwhile, gold prices firmed and the dollar index saw gains amid the financial flux.

(With inputs from agencies.)