A difficult week has begun for the markets: what happens today?

Markets are put to the test of a complex week, with the unknowns of the war in Israel, meetings of important central banks, bond yields under observation and geopolitics dictating movements and sudden shocks to assets.
In detail, Asian stock markets are ending the session mixed, after Israel's intervention in Gaza raised fears of a wider conflict and ahead of the meetings of the central banks of the United States, Great Britain and Japan.
The latter could see a tightening of monetary policy.
Earnings season also continues after Apple, Airbnb, McDonald's, Moderna and Eli Lilly & Co among many that have reported this week.
Results so far have been disappointing and have contributed to the S&P 500 retreating into correction territory.
Risk appetite was overall dampened by Israel's push to surround the main city of Gaza in a self-proclaimed "second phase" of a three-week war against Iran-backed Hamas militants.
However, an unexpected caution in the Israeli land incursion, at least so far, is moving safe haven assets and beyond.
Oil slipped, along with gold and government bonds.
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There is only one reason What is happening in the markets today? In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.04%, after hitting a one-year low last week.
Chinese blue chips, on the other hand, strengthened by 0.6%.
Shares in China Evergrande Group fell as much as 23% in the morning session, although they later pared losses to 5% after Hong Kong's High Court adjourned its bid to liquidate the troubled property developer.
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Here's why Japan's Nikkei closed -0.98% on speculation that the Bank of Japan may change its yield curve control (YCC) policy after its two-day policy meeting ending Tuesday.
The week will be crucial with the expected meetings of the Federal Reserve and the Bank of England.
The issue of the costs of money, in fact, is among the most relevant for the markets.
The global stock market has lost $12 trillion in value since the end of July, as concern grows that central banks' "higher for longer" interest rate policies could push the global economy into a recession.
The VIX index, known as Wall Street's fear gauge, has risen above 21 from around 13 in mid-September, but remains below the highs of mid-March, when the collapse of several regional banks triggered a market rout.
“As conflict in the Middle East continues, we are on a collision course between tight financial conditions and geopolitically driven risk aversion,” wrote Eric Robertsen, global head of research and chief strategist at Standard Chartered Plc, in a note to clients.
“For now, it is rate volatility that is driving outflows from emerging market assets and developed market equities.” read also Storm arriving on the markets with these 5 events.
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