Asian Markets Resilient Amid Geopolitical Tensions

Asian shares showed resilience while oil prices increased amid ongoing tensions between Israel and Iran. Despite geopolitical uncertainties and a busy week of central bank meetings, investors remained calm. U.S. financial markets indicated stability, and several economic indicators will be in focus as news unfolds.

Asian shares demonstrated resilience on Monday as geopolitical tensions between Israel and Iran contributed to uncertainty in global economics. Despite this, investors maintained composure, showcased by the minimal movement in currency markets and firming Wall Street stock futures.

Oil prices recorded a 1% increase, building on last week's surge. This inflationary trend is likely to discourage the Federal Reserve from cutting interest rates when it meets on Wednesday. Markets are closely watching the Fed's upcoming rate forecasts, which could sway expectations for future economic policy adjustments.

The fluctuation in oil prices had a varied impact on different currencies, benefitting those from energy-exporting nations. Meanwhile, central bank meetings in Europe and Asia are anticipated to address the ongoing economic developments, with potential rate adjustments under consideration.

(With inputs from agencies.)