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Morning News: Nervous Markets Await Israel Response, Fed Outlook.

On Monday, European stocks looked set to follow the negative trend in Asia, led by news of escalating tensions in the Middle East and fears of a wider regional conflict. Last week, rumors of an Iranian attack on Israel raised security concerns, and now, after Iran launched an attack with some 300 drones and missiles, there are concerns about Israel's response. President of the United States of America Joe Biden told Israeli Prime Minister of Agriculture Benjamin Netanya that the United States would not be involved in a counterattack against Iran, which reduces the risk to a certain extent.

STOCKS TODAY: Asian stocks mostly higher as investors eye earnings, inflation signs

Asian stocks were mostly higher on Monday as investors looked ahead to earnings reports from top global companies and a consumer price report measuring U.S. inflation. "With risk sentiment bouncing back from earlier nervousness, gains are likely to remain somewhat limited as there may be some validating comments ahead of this week's key U.S. Consumer Price Index release," said Yeap Jun Rong, market analyst at IG. The U.S. government will release the March Consumer Price Report later this week.
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