Japan warned decisive currency action is imminent. The yen struggled alongside Asian peers as governments battled capital outflows. FT reported foreign central banks dumped US Treasuries to their lowest level since 2012 amid war volatility.
KOSPI Korean markets surged 5% today on Trump signals the Iran war could end within weeks. Asia Pacific stocks rebounded after brutal March losses. The rally contrasted with European stocks posting their worst month since 2022 as conflict fears persisted.
Brent oil surged more than 60% in March marking its biggest monthly gain since 1988. TotalEnergies posted bumper profits on Middle East oil bets per FT reporting. The French giant dominated physical crude markets as fewer contracts increased volatility.
CF CF Industries topped options sentiment as fertilizer stocks rode energy chaos. The $21B chemicals maker surged 78% year to date. FANG Diamondback Energy claimed second place with dense April expiries reflecting crude hedging demand.
CAR Avis Budget absorbed brutal bear pressure. SI jumped 9 points to 69.5% in seven days with just 26% availability remaining. The $4.8B rental giant saw the steepest short surge among major stocks.
PINS Pinterest SI nearly doubled jumping 6.6 points to 14.2%. TKO TKO Group spiked 5.6 points to 15.6% as bears piled into consumer discretionary names.
Gold posted its worst month in 17 years as rate cut hopes evaporated.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
