Oil prices tumbled today as Iran and Washington agreed to reopen the Strait of Hormuz. FT reported stocks leaped on the ceasefire news triggering a global relief rally. Crude collapsed from $150 peaks during the 19-day conflict that paralyzed Gulf energy flows.
European bonds surged on the strongest day since 2023 as traders trimmed interest rate rise bets. UK and Eurozone government debt rallied together. Travel stocks led European gains climbing 7% as investors rotated back into cyclicals.
Asian markets showed mixed trading as Trump extended his Iran deadline. The dollar held firm on caution before policy announcements. Gold steadied as traders assessed geopolitical developments.
MSFT Microsoft CEO Nadella deployed an emergency Copilot overhaul today. The $3.1T software giant launched a code red initiative to crush AI rivals. The move came as cybersecurity stocks grabbed attention with the sector hitting $270B in growth potential.
CRWD CrowdStrike led names benefiting from the security boom. PANW Palo Alto and FTNT Fortinet also captured investor flows.
Apollo Ares and Blackstone absorbed $20B in redemption requests during Q1. FT reported big private credit funds got hit with withdrawal demands at the start of 2026. The pressure came as oil war chaos spooked alternative asset investors.
US oil exports head for records as Asian tankers race to American ports. Energy shortages spread globally during the Hormuz closure creating massive supply dislocation.
Turkey sold $20B in gold swaps during March battling lira weakness. The central bank sales deepened the global bullion slump.
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.
