27 March 2026
US stocks fell on Thursday amid ongoing geopolitical worries and higher oil prices. The S&P 500 lost 1.7%, while the tech-heavy Nasdaq dropped 2.4%.
US Treasuries fell amid a rebound in oil prices and a soft 7-year Treasury debt auction. 10-year climbed 8bp to 4.41%.
European stocks fell on Thursday amid lingering geopolitical tensions in the Middle East. The Euro Stoxx 50 closed down 1.5%. The German DAX lost 1.5% and the French CAC fell 1.0%. In the UK, the FTSE 100 dropped 1.3%.
European government bonds fell. 10-year German bund yields rose 11bp to 3.07% and 10-year French bond yields jumped 15bp to 3.80%. In the UK, 10-year gilt yields closed 13bp higher at 4.97%.
Asian stock markets retreated on Thursday after two consecutive sessions of gains amid investor concerns over lingering geopolitical uncertainty. Japan’s Nikkei 225 fell 0.3% and Korea’s Kospi lost 3.2%. Hong Kong’s Hang Seng and China’s Shanghai Composite fell 1.9% and 1.1% respectively.
Crude oil prices rebounded on Thursday. WTI for May delivery settled 4.6% higher at USD94.5 a barrel.
Mexico’s central bank cut its policy rate by 25bp to 6.75%, signalling the easing cycle is nearing an end while monitoring inflation and external risks.
No major releases.
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