Market Minutes

Read snapshots of the latest market news

US consumer sentiment plunges, inflation speeds up; China inflation eases

US consumer sentiment has plummeted to levels not seen since 1980, while headline inflation reached 3.3%, driven largely by surging energy costs. Conversely, inflationary pressures in China cooled to 1.0%, falling short of market forecasts. Despite the evident economic strain and heightened Middle Eastern tensions, US markets remain mixed as investors pivot their attention toward critical diplomatic negotiations between the United States and Iran.

US consumer sentiment plunges, inflation speeds up; China inflation eases

US personal income falls, GDP revised down—yet stocks continue to rise

US equity markets advanced in tandem following renewed optimism regarding a potential resolution to Middle Eastern geopolitical tensions. This rally persisted despite lacklustre economic data, including a contraction in personal income and a downward revision of fourth-quarter Gross Domestic Product (GDP) figures.

US personal income falls, GDP revised down—yet stocks continue to rise

US–Iran ceasefire lifts global markets, sends oil prices tumbling

A potential ceasefire negotiated between the United States and Iran has bolstered global equity markets, as investors price in the possibility of a more accommodative monetary stance from central banks should inflationary risks remain contained. Concurrently, crude oil prices have retreated sharply amid renewed optimism regarding the reopening of the Strait of Hormuz and higher-than-anticipated US crude inventories.

US–Iran ceasefire lifts global markets, sends oil prices tumbling

Trump ultimatum hits stocks; US durable goods down, Canada PMI contracts

Western equity markets are under significant pressure as the deadline for President Trump’s ultimatum to Iran regarding the Strait of Hormuz approaches. Concurrently, US durable goods orders retreated in February amidst broader economic instability, while Canada’s Ivey PMI slumped into contractionary territory, driven by escalating energy costs and persistent supply chain disruptions.

7 Apr 2026, 22:40
Trump ultimatum hits stocks; US durable goods down, Canada PMI contracts

Fed and ECB officials highlight inflation risks; WTI gains on demand strength

Central bankers from the Federal Reserve (Fed) and the European Central Bank (ECB) are increasingly prioritising inflationary risks over employment concerns as energy prices surge amidst escalating Middle East tensions. Simultaneously, the energy market is witnessing an anomalous shift, with West Texas Intermediate (WTI) trading at a premium over Brent, driven by robust demand from European and Asian refineries seeking stable US crude supplies.

6 Apr 2026, 22:46
Fed and ECB officials highlight inflation risks; WTI gains on demand strength

Oil shock, central bank caution, and a shift in expectations

Today’s market tone was shaped by one dominant energy force. Oil surged aggressively, jumping nearly 17% in a single session and pushing toward the $113 level, Comments from John Williams highlight the dilemma central banks are now facing again. Higher energy prices don’t just push inflation higher they also slow growth. That combination is one of the most difficult environments for monetary policy.

3 Apr 2026, 08:17
Oil shock, central bank caution, and a shift in expectations

US retail sales, manufacturing PMI, and ADP beat forecasts as stocks climb

US equity indices advanced in tandem following a series of robust economic data releases. Retail sales growth accelerated, the ISM Manufacturing PMI reached its highest level since August 2022, and the ADP employment report surpassed analyst consensus. Despite these gains, market participants remain cautious regarding the potential inflationary impact of a sharp spike in energy prices.

2 Apr 2026, 00:19
US retail sales, manufacturing PMI, and ADP beat forecasts as stocks climb

Europe inflation jumps, China PMI expands, US job openings decline

March data highlights a diverging global landscape: while European headline inflation surged to 2.5%, fuelled by energy price volatility, the US labour market continued its multi-year cooling trend with a notable dip in job vacancies. Amidst these shifts, China’s manufacturing sector returned to expansionary territory, offering a signal of industrial recovery for an economy long hampered by sluggish domestic demand.

1 Apr 2026, 00:31
Europe inflation jumps, China PMI expands, US job openings decline

BoJ on watch for yen action; German inflation heats up

Officials from the Japanese Ministry of Finance and the Bank of Japan (BoJ) have indicated that direct currency intervention and further interest rate hikes may be required to mitigate intensifying inflationary risks. Concurrently, the German inflation rate surged in March, driven by a significant escalation in energy prices.

31 Mar 2026, 01:37
BoJ on watch for yen action; German inflation heats up

US stocks retreat sharply while gold and oil gain on geopolitical concerns

US equity markets experienced a sharp contraction as the tripartite conflict involving the United States, Israel, and Iran persisted. Market participants are increasingly pricing in a more restrictive monetary stance from the Federal Reserve, weighing heavily on risk assets. Conversely, oil prices continued their ascent, while gold benefited from potential safe-haven inflows amidst the heightened global instability.

28 Mar 2026, 01:42
US stocks retreat sharply while gold and oil gain on geopolitical concerns