Global equity markets opened the new week and month on a strong note, with US and European indices posting early gains as investor sentiment rebounded following a period of heightened volatility in technology shares.
The broad-based advance suggests that recent jitters over tech valuations are subsiding, allowing capital to flow back into risk assets across major indices including the Dow Jones Industrial Average and Nasdaq Composite.
Brent crude oil prices retreated, slipping below the $84 per barrel mark, while gold held firm near $4,030 per ounce.
In commodities, the picture was mixed.
Brent crude oil prices retreated, slipping below the $84 per barrel mark, while gold held firm near $4,030 per ounce.
The divergence highlights a rotation in market positioning, with investors seeking safety in precious metals even as they embrace equities.
Meanwhile, industrial metals showed resilience, with copper prices advancing for a third consecutive session, driven by improved sentiment regarding US monetary policy and demand expectations.