• Global markets are entering Tuesday with oil prices, inflation and Federal Reserve expectations remaining at the center of investor attention. Renewed tensions between the U.S. and Iran have pushed crude prices higher, increasing concerns that a prolonged rise in energy costs could put further pressure on global inflation.
• U.S. markets are focusing on this week’s inflation data after stronger-than-expected August employment figures increased expectations for a more hawkish Federal Reserve. Producer prices are due Thursday, followed by the consumer price index on Friday, with both reports expected to play an important role in shaping expectations for the Fed’s next policy decision.
• The Nasdaq remains particularly sensitive to the rise in Treasury yields and changing rate expectations. Technology and AI-related stocks have recently shown resilience, but higher borrowing costs and the possibility of a prolonged period of restrictive monetary policy could increase volatility across high-valuation growth stocks.
• European markets are also being pressured by higher oil prices and renewed inflation concerns. The rise in crude prices is increasing expectations that the ECB could face greater difficulty in easing monetary policy, keeping the outlook for the DAX and broader European equities relatively cautious.
• Asian markets are showing a stronger performance, with technology and semiconductor stocks providing support. However, rising oil prices and higher global interest-rate expectations remain key risks for the Nikkei, particularly given Japan’s sensitivity to energy costs and higher domestic bond yields.
• Gold is trading higher as the U.S. dollar weakens ahead of the upcoming inflation data. Spot gold rose around 0.6% to approximately $4,430 per ounce, while investors continue to balance safe-haven demand against the possibility of higher U.S. interest rates.

Key market theme: Oil + inflation + Fed expectations. A sustained move in Brent toward the $100 level could reinforce inflation concerns, push bond yields higher and create additional pressure on the Nasdaq and other growth-oriented equities. At the same time, strong semiconductor and AI demand is providing support to technology stocks, while the DAX remains vulnerable to higher energy costs and the Nikkei continues to benefit from strength in chip-related stocks.