Financial Markets Daily Report
02 marzo 2026
In the latest session, investor caution prevailed amid lingering concerns over the profitability of AI, a somewhat more hawkish tone from the Fed, and an escalation of tensions between the US and Iran.
Major equity markets moved lower. Treasury yields declined across the entire curve, with the 10-year yield falling back to levels last seen 18 months ago. A similar move was observed in the euro area, alongside a modest widening of peripheral spreads.
This morning, markets have opened with a clear flight-to-quality move following the escalation of the conflict involving Iran. Equity futures are broadly lower and the dollar is gaining ground, while Brent crude prices are edging towards $80 amid warnings over the security of shipping traffic through the Strait of Hormuz.