Morning Bid: Some respite for nervy markets after brutal month
Published on March 31, 2026.
Markets have seen a slight bounce following a report that President Trump expressed willingness to end the military campaign against Iran even if the Strait of Hormuz remains largely closed. This news led to a nearly 1% increase in U.S. futures and a significant increase in EUROSTOXX 50 futures. However, the longer the Strait stays closed, the higher energy prices remain. The dollar is set to make its sharpest monthly gain since July as it emerges as one of the few safe havens amid the ongoing conflict. Key developments in European and global markets include flash euro zone inflation data later in the day, which could indicate the impact of the conflict on consumer prices.
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