Financial Markets Daily Report
31 marzo 2026
Concerns over the economic growth impact of the Middle East conflict gained prominence, prompting a rotation into sovereign bonds after recent selling pressure driven by inflation fears. Equity markets were mixed globally, with sharp losses in Asia, modest gains in the euro area, and slight declines in the US.
Energy prices remained elevated but stabilised. Brent crude settled around USD 112/bbl, after briefly spiking to USD 116, while European TTF gas traded near €54/MWh. President Trump delivered mixed signals, pointing to progress in talks with Iran while warning of further escalation should the Strait of Hormuz remain closed.
The US dollar strengthened to its highest level since the conflict began, with EUR/USD trading near 1.14. The yen recovered some ground, supported by remarks from the BoJ suggesting that inflationary pressures from currency weakness could warrant rate hikes in the coming months.