Oil prices climbed over 1% due to China's stimulus plans and Syria's political instability.

Oil prices surged over 1% on Monday due to China's plans for economic stimulus and geopolitical tensions in Syria. Chinese economic stimulus measures and a "moderately loose" monetary policy stance boosted investor sentiment, contributing to a 2.8% rise in the Hang Seng index. Meanwhile, the fall of Syrian President Bashar al-Assad added to market uncertainty. Gold also rose, seen as a safe haven. In other developments, South Korea faced political uncertainty, and France's government fell. The European Central Bank is expected to lower borrowing costs this week.

December 09, 2024
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