Middle East Tensions Spark Oil Price Surge, But What's Next for Markets? The Australian sharemarket took a beating on Monday as oil prices skyrocketed, with the S&P/ASX200 shedding 16.
3 points to cap off a mixed earnings season.
Profit taking and month end portfolio rebalancing are often cited as factors contributing to market volatility, but some analysts point to rising inflation and hawkish interest rates.