Global markets reacted differently to reports of US president Donald Trump signalling the reopening of the Strait of Hormuz in the near future, with London-listed oil companies seeing the biggest boost. In advance of an important week of economic data, investors largely hedged their bets. DublinThe Iseq All-Share Index dropped by 0.29 per cent on Monday to close at 14,278.65 following a day of light trading volumes. Bank of Ireland dropped 0.29 per cent to finish the day at €18.93 a share, while rival AIB fell 0.05 per cent to close at €10.86. PTSB saw no change in its share price, closing at €2.95.Home builders Glenveagh saw its share price drop by 0.4 per cent on Monday to €2.47, while property landlord Ires Reit declined by 1.27 per cent to end the day on €1.09. Cairn Homes, on the other hand, rose by 1.2 per cent to close at €2.55.Wind and solar energy group Greencoat Renewables dropped by 0.8 per cent to close at €0.76. LondonUK shares fared notably worse than their Irish counterparts, with stocks in household names such as Coca Cola, Vodafone and British American Tobacco dropping considerably on the blue-chip FTSE 100 index.A high-profile analyst downgrade sent the soft drinks firm’s stock sliding, with a 4.76 per cent fall off in price. Shares in the tobacco giant BAT dropped by 4.37 per cent. Vodafone stock fell by 3.07 per cent by the end of trading.But oil and gas giant BP has a more favourable outlook, seeing a 1.43 per cent rise in its share price after Trump signalled improvements in the months-long push to reopen the Strait of Hormuz. “We are only semi-negotiating with them. We are just watching Iran with its huge inflation and the fact they have no money,” he told the news outlet Axios.Commodities trader and mining company Glencore also gained a boost from this move, with a 2.1 per cent rise to close the trading day.EuropeIn Europe, markets remained steady as investors paused their already strong bets in advance of a week packed with economic data and possible geopolitical moves. The benchmark pan-European Stoxx 600 index increased marginally by 0.03 per cent to 660.45, hitting a record close for the sixth consecutive trading day.As was the case on the London Stock Exchange, the energy sector led the gains, rising 1.3 per cent as oil prices climbed for a fourth straight session. New data from the euro zone on employment prospects also provided reassurance on macroeconomic outlook. Cavan-based building material group Kingspan saw its stock soar 15.06 per cent, making it the largest gain on the pan-European stock exchange. Meanwhile German real estate company Adler was among the biggest winners on the Continent, with its stock up 7.69 per cent.New YorkStocks traded on Wall Street wavered as a result of Trump’s suggestions, although bond yields climbed, easing traders’ anxiety in advance of the important week ahead. The large-cap S&P 500 dipped slightly during early trading hours by 0.06 per cent. Tech company Nvidia was among the most active trades, with its share price fluctuating by 2.4 per cent in the negative, as the FT reported investors were working with the chipmaker on a $500 billion (€430 billion) artificial intelligence financing deal. Palantir was up 3.4 per cent during the early hours and pharma company Pfizer remained steadily in the green with a 1.3 per cent jump in its stock.The blue-chip Dow Jones Industrial Average was down 0.2 per cent before 1pm New York time. – Additional reporting: Reuters and Bloomberg