Global stocks edged lower as US stock futures aimed for a modest opening increase, accompanied by a stable dollar. This week, attention is focused on the Bank of Japan’s policy announcement and crucial US inflation data.
Increased attacks by Iranian-backed Houthi militants on Red Sea vessels boosted shares in major European shipping companies, anticipating potential rate hikes. MSCI’s world shares index dipped 0.1 per cent, while S&P 500 and Nasdaq futures showed marginal gains.
Despite a fifth consecutive weekly gain in the pan-European stock index, major shipping stocks, including Maersk, D’Amico, Hapag Lloyd, and Hafnia, surged between 4 per cent and 6 per cent, extending last week’s momentum.
Concerns about disruptions in oil supply due to Red Sea incidents led to a rise in oil prices, although skepticism surrounded Russia’s plan to cut exports in December. Brent increased to $77.14…
