Global financial markets are reacting to the latest U.S. jobs data and geopolitical developments. Asian stocks and bonds declined following stronger-than-expected U.S. jobs data, which has raised concerns over inflation and reduced expectations for Federal Reserve interest rate cuts. Oil prices surged to a four-month high, with Brent crude surpassing $81 per barrel, driven by new U.S. sanctions targeting Russia's oil and gas sector. The sanctions, described as the most extensive to date, aim to restrict exports and reduce Russia's energy revenues. Meanwhile, the U.S. dollar reached its highest level in 26 months, further pressuring global markets. The 10-year U.S. Treasury yield rose to 4.79%, adding to concerns over borrowing costs. European stocks also slipped, with major indices such as the STOXX 600 and Germany's DAX registering declines. S&P 500 futures dropped 0.6%, signaling further losses for Wall Street. Emerging markets faced additional pressure from the hawkish implications of the U.S. jobs data. Investors are now focused on upcoming inflation data and corporate earnings reports this week, which could provide further insights into the trajectory of global markets.