RE:Any guesses Mondays opening bell? Most Gulf stock markets rose on Sunday, supported by firm oil prices and relief that the weekend’s military attack on Syria was relatively limited in scope and there was no immediate retaliation.
Internationally, gold and oil are expected to extend gains on Monday, albeit modestly, when the markets open for the first time since the missile attack. Equities and bonds are unlikely to suffer big losses unless the West strikes again or Russia retaliates.
Gold has benefited in recent days as a safe-haven asset amid a U.S.-China trade dispute and the escalating conflict in Syria, which also pushed oil above $70 a barrel on concerns over a spike in Middle Eastern tensions.
The strikes suggest that Trump may have reset America’s red line for military intervention in Syria over the use of chemical weapons.