The US stock markets will be closed this Monday, September 2, due to the celebration of Labor Day in the United States. This is a federal holiday that marks the informal start of the school year and the end of summer in the country, during which Wall Street activities remain suspended.
In Europe, investors will be watching for relevant new economic data, including a new reading of the Euro Zone's Gross Domestic Product and Germany's industrial production figures. These indicators could provide signals about the current state of the European economy and influence market decisions in today's session.
The oil market will be in focus following the recent OPEC+ decision. The organization of oil-producing countries and its allies have taken measures that affect the global supply of crude oil, creating expectation in global energy markets.
At the same time, rising tensions in the Middle East contribute to uncertainty in the oil sector. The region is strategic for oil production and transportation, so any escalation of conflicts can have an impact on crude prices and the stability of global energy markets.
