The market situation was again turbulent at the opening early this week with several issues of focus now influencing investor decisions.
Last Sunday, the world was shocked by Ukraine's attack on Russia as the two negotiating representatives were heading to Istanbul for the second round of the peace agreement scheduled for Monday.
President Volodymyr Zelensky confirmed that 117 drones were used in an operation dubbed "Spider's Nest" that targeted at least 40 warplanes at four Russian military bases.
Russia confirmed the attacks took place in 5 different locations, describing the action as an "act of terrorism".
This is said to be the largest attack launched by Ukraine on Russia that took a year and a half to plan.
Shifting focus on Monday, the risks in the market are increasing when it is reported that President Donald Trump threatened to double tariffs on steel and aluminum imports from 25% to 50%.
On Friday, Trump accused China of violating the tariff truce agreement by not removing non-tariff barriers as agreed in the negotiations.
China's Ministry of Commerce described the accusation as groundless and promised to take firm measures to safeguard its interests.
US-China tensions and the Russia-Ukraine war conflict again heightened concerns in the market at the opening of June trading.
As a result, the US dollar experienced a decline and investors also assessed the decline in the ISM manufacturing PMI reading published in the New York session yesterday.
Several focus data focused on the US employment sector will be given attention this week, with the main focus being the NFP at the end of the week.
