Sentiment remains cautious as we get the session going
Investors started the session with a cautious sentiment as they awaited further developments in the market. The cautious sentiment was driven by ongoing geopolitical tensions and uncertainty surrounding global economic recovery.
The ongoing geopolitical tensions, particularly between the US and China, have continued to weigh on investor sentiment. The uncertainty surrounding global economic recovery, particularly in the face of rising inflation and potential interest rate hikes, has also contributed to the cautious sentiment.
As the session gets underway, investors are closely watching for any developments that could provide more clarity on the direction of the market. Any positive developments in the geopolitical landscape or signs of a stronger economic recovery could help to improve sentiment and drive market gains.
However, until more clarity is provided, sentiment is likely to remain cautious as investors tread carefully in the current market environment.