23 March 2026
A Right R-Oil Mess – Download Chart of the week
The Market Place – Download Market Data
- US financial conditions were dominated by the intensifying Iran-driven energy shock, which tightened financial conditions and pushed back expectations for monetary easing.
- The BOE held interest rates, but the outlook deteriorated as external energy shocks compounded weak growth, reinforcing stagflation concerns.
- The EU faced a worsening stagflationary backdrop, as the energy shock simultaneously pressured growth and inflation while forcing greater policy coordination.
- China urges Iran de-escalation as US-China talks continue, while energy shocks and Hormuz tensions heighten global supply risks and crisis responses.
