Global markets exhibited a subdued tone as the United States observed Presidents Day, a federal holiday that led to the closure of banks and stock exchanges in the country. This pause in trading had ripple effects across international markets, with many investors adopting a cautious stance, awaiting cues from Wall Street’s next moves. European markets opened with limited activity, reflecting the absence of fresh data from the U.S., which often serves as a barometer for global economic sentiments. Asia-Pacific markets also displayed mixed results, with traders balancing optimism over recovery from recent economic slowdowns against worries over inflation and interest rate hikes.
The lack of U.S. trading meant that volumes were lower, and speculation was rife about how upcoming economic reports might influence global trends. Overall, the holiday created a brief interlude in an otherwise volatile financial landscape, allowing traders to reassess positions ahead of anticipated market developments later in the week.
For more details and the full reference, visit the source link below:
