LONDON - Stocks edged up on Monday as investors fine-tuned positioning ahead of a packed week of major tech earnings which will test the artificial intelligence trade, while keeping a nervous eye on developments in the Gulf.
The short-term focus again was oil prices, which swung sharply as investors weighed Yemen's Iran-aligned Houthis declaring a naval blockade against Saudi Arabia against Reuters reporting that mediators had passed Iran a proposal to de-escalate the war with the U.S.
