Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 11, 2023.
REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsAlthough price moves remain contained in the absence of a dramatic weekend escalation, world markets are still on edge as Middle East tension builds without obvious resolution.
Disputed reports of a temporary ceasefire in southern Gaza partly stabilised jittery macro prices first thing on Monday.
Yet the extent to which the backup in oil prices over recent months can impact wider economic sentiment was clear from the University of Michigan's household survey on Friday.
That appeared to be the case last week as oil prices, gold, the dollar and Treasuries gained into the close while stocks fell back.
Persons:
Brendan McDermid, Israel, Treasuries, Goldman Sachs, Morgan Stanley, Jerome Powell, Poland's, Patrick Harker, Christine Lagarde, Fabio Panetta, Mike Dolan, Ed Osmond
Organizations:
New York Stock Exchange, REUTERS, University of Michigan's, U.S, Treasury, Wall, JPMorgan, Citigroup, Bank of America, Netflix, Federal Reserve, European Union ., York Fed, Bank of Canada, Philadelphia Federal, European Central Bank, ECB, Global, Thomson, Reuters
Locations:
New York City, U.S, Gaza, Wells Fargo, Luxembourg, LSEG, CHINA