3 days left to negotiate…
Note: Please get yourself updated with the current status of this war as it will update per seconds, any volatility from the next morning is getting the charts among the highest levels. Stay in the highest cautious.
Data:
- [🟦 Global Rates | Yields remain elevated with continued upward pressure at the long-end]
Global sovereign curves steepened slightly as long-end yields pushed higher on inflation risk and supply concerns.
S.: 2Y ~3.98% | 5Y ~4.08% | 10Y ~4.48% | 30Y ~4.99%
UK 10Y ~5.00% | Germany 10Y ~3.05% | France 10Y ~3.80% | Italy 10Y ~4.08%
Canada 10Y ~3.66% | Australia 10Y ~5.18% | Japan 10Y ~2.32% | China 10Y ~1.85% | New Zealand 10Y ~4.92%
Rates continue to reflect elevated term premia, heavy issuance expectations, and persistent inflation uncertainty. - [🟥 U.S. Equities | Broad decline led by tech as yields approach cycle highs]
S. equities moved lower again as rising long-end yields pressured valuations, particularly in growth sectors.
Nasdaq Composite ~21,480 (-0.6% to -0.8%)
S&P 500 (US500) ~6,500 (-0.5% to -0.7%)
Dow Jones ~45,700 (-0.3% to -0.5%)
Market breadth remained weak, with defensive sectors outperforming and tech underperforming. - [🟥 Europe Equities | Weak session as macro data and energy risks weigh]
European equities declined amid ongoing concerns over growth and inflation dynamics.
Euro Stoxx 50 (EU50) ~5,500 (-0.7%)
DAX (GER40) ~22,350 (-0.7%)
CAC 40 ~7,650 (-0.6%)
Industrial and export-oriented sectors led declines as sentiment deteriorated further. - [🟨 Asia Equities | Mixed performance with limited upside follow-through]
Asian markets traded mixed as global headwinds continued to cap risk appetite.
Nikkei 225 ~52,500 (+0.2% to +0.4%)
Gains were modest and largely technical, with broader sentiment still cautious. - [🟥 Macro “Red News” | U.S. data reinforces resilience while inflation risks persist]
S. Consumer Confidence: Weaker-than-expected reading, indicating softer household sentiment.
U.S. Durable Goods Orders: Remained firm, signaling continued investment resilience.
Eurozone Business Climate: Continued deterioration, led by Germany’s industrial weakness.
UK Data: Inflation expectations remain elevated despite slowing activity.
The macro picture remains one of resilient U.S. growth versus weakening European momentum. - [🟧 High-impact headlines]
- Global bond selloff continues, with long-end yields pushing higher on inflation and supply concerns
- Oil remains elevated near $100/bbl, sustaining inflation pressure across markets
- Equity markets remain under pressure, particularly rate-sensitive sectors
- USD strengthens further on yield differentials and safe-haven demand
- European growth outlook weakens, driven by industrial slowdown and weak sentiment
- Central banks maintain cautious stance, delaying expectations for policy easing
- Investor positioning remains defensive, favoring commodities and low-beta assets
Companies.
+) Nvidia remained the central driver of global equity sentiment as investors continued to price in sustained AI-chip demand and strong hyperscaler capital expenditure.
+) Microsoft traded higher, supported by ongoing enterprise adoption of AI tools across Azure and Copilot ecosystems.
+) Apple remained under pressure as analysts highlighted softer iPhone demand and increasing competition from Chinese manufacturers.
+) Tesla stayed volatile as continued price competition raised concerns about margins and long-term profitability.
+) Meta Platforms gained as digital advertising demand remained resilient and AI-driven engagement metrics improved further.
+) Alphabet traded mixed as investors evaluated the pace of monetization for its generative-AI products.
+) Semiconductor equipment firms ASML and Applied Materials remained supported by strong long-term demand for advanced chip manufacturing capacity.
+) Cybersecurity companies including CrowdStrike and Palo Alto Networks continued to benefit from strong enterprise security spending.
+) Defense contractors such as Lockheed Martin, Northrop Grumman, and RTX attracted steady inflows amid ongoing geopolitical tensions.
+) Energy majors Exxon Mobil and Chevron traded stable as oil prices consolidated after recent volatility.
+) Cryptocurrency-related companies including Coinbase moved in line with Bitcoin, which remained volatile but supported by institutional demand.
+) Analysts continued to highlight the AI ecosystem—spanning semiconductors, cloud, cybersecurity, and software—as the dominant structural growth driver for global equities in 2026.
General
Global markets opened with a more balanced and stabilizing tone, as investors consolidated the prior sessions’ relief rally following geopolitical de-escalation signals. The focus shifted back toward macro fundamentals and policy expectations, though sentiment remains sensitive to developments in energy markets.
Equities:
Global equities traded modestly higher but with reduced momentum. U.S. markets were supported by technology and cyclicals, while energy and defense sectors underperformed following the decline in oil prices. European markets showed similar patterns, with gains capped by ongoing growth concerns.
Rates & Monetary Policy:
Bond yields stabilized after recent volatility, as easing oil prices reduced immediate inflation pressure. However, central banks—particularly the Fed—continue to signal a cautious, higher-for-longer stance, with rate cuts still dependent on sustained disinflation.
FX & Safe Havens:
The U.S. dollar weakened slightly as safe-haven demand moderated, while gold extended its pullback from recent highs. Risk-sensitive currencies saw mild recovery.
Macro Theme:
Markets transitioned into a post-shock consolidation phase, where easing geopolitical risk is balanced against still-restrictive monetary policy.
Oil Market Stabilization:
Oil prices stabilized following the sharp correction earlier in the week. Brent crude traded around $94–97 per barrel, reflecting a reduced but still present geopolitical risk premium.
The earlier decline was driven by easing fears of immediate supply disruption after the postponement of U.S. strikes on Iranian energy infrastructure.
Shipping & Supply Conditions:
The Strait of Hormuz showed gradual normalization in shipping flows, supported by naval escort operations. However, throughput remains below full capacity, with elevated insurance and freight costs continuing to impact global energy logistics.
Strategic Supply Measures:
Pressure for additional strategic petroleum reserve releases eased as supply concerns moderated, though authorities remain prepared to act if conditions deteriorate.
Upcoming News
Markets head into Thursday with a growth- and labour-sensitive bias, as investors look for confirmation that recent data continues to support a soft-landing narrative rather than a sharper slowdown. Overall market sense is cautiously balanced, with FX and rates reacting to incremental U.S. macro signals ahead of month-end positioning. Volatility is expected to remain event-driven but orderly, with markets transitioning from policy-driven moves toward activity confirmation.
In the United States, attention centers on Final GDP (Q4 revision) and Initial Jobless Claims, both key for assessing economic momentum and labour-market stability. The GDP revision will be monitored for changes in consumption and inflation components, which could influence expectations for Q1 growth carry-over. Meanwhile, jobless claims remain the most timely gauge of labour conditions; a stable reading would reinforce confidence in gradual normalization, while any upside surprise could revive easing expectations and pressure the USD. Markets will also track durable goods–related signals and business investment trends for additional confirmation of capex momentum.
Across Europe, the focus shifts to economic sentiment indicators, refining expectations for Eurozone growth following recent PMI data. EUR price action remains primarily driven by U.S. yield differentials and global risk sentiment. In the Asia–Pacific region, Japan’s inflation and consumption indicators continue to shape expectations for the Bank of Japan’s normalization path, though JPY direction remains largely tied to global rates. Corporate catalysts remain limited, keeping macro data and positioning flows as the dominant forces.
| Time (GMT+7) | Category | Country / Region | Event | Market Relevance |
| 06:30 | 🔴 Red News | Japan | CPI (y/y) | Inflation confirmation; BoJ policy implications |
| 16:00 | 🔴 Red News | Eurozone | Economic Sentiment Indicator | Forward growth outlook; EUR impact |
| 20:30 | 🔴 Red News | United States | Final GDP (q/q) | Growth revision; USD & rates sensitivity |
| 20:30 | 🔴 Red News | United States | Initial Jobless Claims | Real-time labour stress indicator |
| All day | 🔶 Stress / Headlines | Global | Month-end positioning / policy headlines | May amplify FX and rates volatility |
Snapshot (26.3.2026)
🛢 Oil | Continued Pullback
- WTI Crude 87.53 (-0.96%)
- Brent Crude 99.76 (-0.38%)
Oil prices extended declines, with WTI slipping below $90 and Brent easing toward the $100 level, indicating fading momentum after the recent surge.
🟢 Dollar Flat | DXY 99.15 (-0.04%)
The U.S. Dollar Index traded sideways just below 100, suggesting a neutral stance as markets consolidate.
🔄 G7 FX | Mild USD Weakness
- EUR/USD 1.1620 (+0.11%)
- GBP/USD 1.3423 (+0.09%)
- USD/JPY 158.78 (+0.06%)
- USD/CHF 0.7877 (-0.07%)
The dollar softened slightly against European currencies, while yen remained broadly stable.
🪙 Crypto | Mixed, Slight Uptrend in BTC
- BTC 70,641 (+0.17%)
- ETH 2,154 (-0.05%)
- SOL 90.86 (-0.58%)
Crypto markets were mixed, with Bitcoin holding above 70k while altcoins showed mild weakness.
🥇 Metals | Strong Rebound
- Gold 4,553 (+1.86%)
- Silver 73.31 (+2.84%)
Precious metals rallied strongly, supported by softer dollar and renewed safe-haven demand.
📊 Equities | Mixed Performance
- S&P 500 6,609.28 (+0.12%)
- Euro Stoxx 50 5,659.26 (+0.12%)
- Dow Jones 46,520.47 (+0.16%)
- Nasdaq 24,002.45 (-0.77%)
- VIX 24.07 (-0.82%)
Equities showed mixed moves, with broader indices slightly higher while Nasdaq underperformed, indicating rotation away from tech.
This report is provided to The Concept Trading from Van Hung Nguyen
