Global Markets | European shares skid to four-month low as Middle East conflict intensifies

The macro environment is dominated by geopolitical risk and inflation concerns, leading to a flight to safety and impacting global risk appetite. This directly translates to pressure on the Indian equity markets and the Rupee.

• •European shares fell to a four-month low on Monday.
• •The decline was led by the defense sector.
• •A spike in crude prices prompted investors to factor in potential inflation pressures.
• •The Middle East conflict is intensifying.
• •Indian shares are falling and the rupee is at a record low due to Middle East tensions (from online context).