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Market Review

US: US stock market indices ended mostly lower on Friday as deteriorating consumer sentiment data and the Middle East conflict soured investors’ risk appetite.

Asia: Asian markets traded lower on Monday as investors await key economic data from China and Japan.

India: India's benchmark stock indices closed lower on Friday, dragged by muted earnings from information technology major Infosys Ltd.

Market is expected to open on a flattish note and likely to witness sideways move during the day.

Global Economy: U.S. consumer sentiment deteriorated in October, with households expecting higher inflation over the next year, but labor market strength was likely to continue supporting consumer spending. The Israeli-Hamas war has sharpened focus on rising geopolitical risks for financial markets, as investors wait to see if the conflict draws in other countries with the potential to drive up oil prices further and deal a fresh blow to the world economy.

Commodities: The ongoing Israel-Hamas war has made many worried investors gravitate towards the time-tested safe bet - gold. Gold prices have risen by over 3% in one week. Crude prices had settled higher after volatile swings last week, amid expectations that the conflict could cause any disruptions in supply from the world’s biggest oil producing region. But this was somewhat offset by signs of cooling U.S. demand and higher production.

Currency: The dollar was on the front foot on Monday in cautious trade as tensions in the Middle East escalated, while investors awaited a speech by Federal Reserve Chair Jerome Powell later this week for further clues on the US central bank's rate outlook. 

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