Global stock markets experienced a downturn on Monday as concerns over rising inflation and the potential for interest rate hikes weighed on investor sentiment. The S&P 500 fell by 1.2% while the FTSE 100 dropped by 2.5%. In Asia, the Nikkei 225 and Hang Seng Index both closed lower by 1.8% and 2.6% respectively. This comes after the release of higher than expected inflation data in the US and UK last week, fueling speculation that central banks may need to tighten monetary policy sooner than previously anticipated. Investors are closely watching central bank statements and economic indicators for clues on future policy direction.


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