Financial Markets Daily Report
25 marzo 2026
Yesterday’s session was marked by elevated volatility and choppy trading, as investors weighed conflicting signals around potential US–Iran talks. While President Trump suggested progress, Iranian officials denied that negotiations were taking place, adding uncertainty to the outlook. Oil prices moved higher on these tensions.
Government bond yields rose on both sides of the Atlantic, as hawkish central bank expectations consolidated, particularly in the euro area and in the short part of the curve. Yields were further boosted by weak PMI data in March, with the composite index falling to a 10-month low in the the euro area and to an 11-month low in the US.
Equity markets were mixed. Euro area stocks had a choppy session and ended mostly flat, while US indices closed with mild losses. Asian stocks had a positive session as they caught up the previous session rally in the US and the euro area. The US dollar strengthened modestly against most peers, while EUR/USD remained broadly stable around 1.16.