The market sentiment at the beginning of the week is considered risky with several factors that are the focus of investors while the market movement is also still flat for the earliest sessions.
Among the focus is the ongoing energy crisis in Europe when the Russian oil company Gazprom last week closed the Nord Stream 1 pipeline to Europe for 3 days due to maintenance work.
However, as feared, the shutdown of the energy supply continued when Gazprom last Friday announced the extension of the closure of the channel after allegedly detecting an oil leak and did not specify when the repair work would be completed.
Also monitored by investors is the development of the issue of tariffs on imported goods involving the United States (US) and China.
President Joe Biden previously stated that the tariffs imposed on Chinese imports during Donald Trump's administration would be eliminated or reduced, but according to the latest report, the tariffs are likely to continue.
Therefore, investors see this action will increase the tension between the world's two largest economies after Nancy Pelosi's visit to Taiwan has also heated up China's anger towards the US.
Meanwhile, China is still seen struggling with the spread of Covid-19 after it was reported at the end of last week that the city of Chengdu had implemented movement restrictions following the increase in the latest infection cases.
Developments in the UK, the new Prime Minister of the UK will be announced today with the prediction that the candidate Liz Truss will overcome the challenger Rishi Sunak to replace the reins of government left by Boris Johnson before.
Following this week's trading, investors will be wary of 3 central bank policy meetings this week with the expectation that aggressive interest rate hikes will continue.
