GLOBAL MARKETS-Stocks Tumble as Traders Cast Doubt on 2025 Rate Cut

GLOBAL MARKET - LONDON. Global stocks fell on Monday, while the dollar hit 26-month peaks following a bumper U.S. jobs report that prompted investors to question if interest rates will fall at all this year, just as earnings season is about to get underway.

A surge in energy prices has added to concern about steadily rising inflation, as crude oil topped $80 a barrel on the back of signs that Russian exports are falling as Washington has stepped up sanctions on the country.