Memorial Day

Global markets traded cautiously ahead of key central bank meetings, with investors focused on the Federal Reserve and the Bank of Japan for fresh policy signals. 

Global markets began the week on a more positive footing after a pause in US and Iranian military operations reduced immediate concerns over energy supplies and inflation. The United States quietly suspended its nearly two-week strike campaign against Iran late Friday, while Tehran halted retaliatory operations and entered discussions with Oman regarding the Strait of Hormuz. The developments pushed oil prices sharply lower, supporting precious metals and government bonds after weeks of pressure from rising energy costs.

Global markets began the week on a firmer footing as a pause in U.S.–Iran hostilities eased concerns over energy supplies and inflation.