The Iran war, now in its fourth week, is creating a major crisis in energy supplies that is impacting every corner of the global economy. Here are some economies to watch. THE G7. Look first to Europe. Inflation is set to jump again and traders are betting the European Central Bank and the Bank of England may have to raise interest rates this year.
ROSELAND, N.J., March 24, 2026 ?For the four weeks ending March 7, 2026, U.S. private employers added an average of 10,000 jobs per week, according to the NER Pulse, a weekly update of the monthly ADP National Employment Report. Employment gains for the first week in March were little changed from the previous week.
Harrow?, a leading provider of ophthalmic disease management solutions in North America, today announced that it intends to offer, subject to market and certain other conditions, an additional $50.0 million in aggregate principal amount of its 8.625% senior unsecured notes due 2030.
Although the European Purchasing Managers' Index remained above the 50-point threshold, which separates growth from contraction, for a fifteenth consecutive month in March, the negative effect of the Iran war is clearly visible, said Berenberg after Tuesday's figures.
Brazil's central bank said on Tuesday that the magnitude and duration of its interest rate calibration will be determined over time, as new data feed into its assessments, after it delivered a 25-basis-point cut to 14.75% last week.
Exchanges Consist of: WisdomTree, Inc. (WT), a global financial innovator, today announced the pricing of its offering of $525.0 million aggregate principal amount of convertible senior notes due 2031 in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.
* Preliminary composite PMI 51.0 vs 53.7 in February. * PMI comes in below all forecasts in Reuters poll. * Manufacturers' input costs leap by most since 1992. * First survey to show extent of impact from war. * Reeves to speak to parliament later on Tuesday. By David Milliken and William Schomberg.
United States President Donald Trump's comments on Monday quickly saw markets cut the chances of an April European Central Bank rate hike to 65% from 100%, said ING. The bank's team, at this stage, feels a hike in April is "very unlikely." However, it doesn't cost much for the ECB to talk tough, souring this supply shock in an effort to keep inflation expectations in check.
* PMI tumbles to 10-month low on fallout from war. * Price, delivery times take huge hits. * Germany holds up better than France. * Consumer confidence also hit. By Jonathan Cable and Balazs Koranyi.
Euro zone private sector growth nearly stalled this month as inflation expectations surged and delivery times soared, adding to mounting evidence that the bloc is already suffering a tangible drag from the U.S. and Israeli war with Iran.
Euro zone private sector growth slowed sharply in March as the Middle East war drove input costs to their highest in more than three years and triggered the worst supply chain disruptions since mid-2022, a survey showed on Tuesday.
Germany's private sector growth slowed to its weakest pace in three months in March as services lost momentum and costs surged amid the conflict in the Middle East. The Flash Germany Composite PMI, a preliminary estimate, fell to 51.9 in March from 53.2 in February, a survey by S&P Global showed. The 50 mark separates growth from contraction.
Nexstar Media Group (NXST) said late Monday its subsidiary, Nexstar Media (NXST), priced a private offering of approximately $5.1 billion in senior notes. The company said the offering includes $3.39 billion of 6.50% senior secured notes due 2033 and $1.73 billion of 7.25% senior unsecured notes due 2034, both issued at par.
Goldman Sachs (GS) has pared its growth estimate for India for 2026, while forecasting a 50 basis points hike in policy rates as the South Asian economy contends with sharp depreciation in its currency. Goldman forecasts the Indian economy will grow by 5.9% in calendar year 2026 compared to its pre-Iran war forecast of 7%, it said in a report on Tuesday.
* Iran denies talks with US. * Trump postpones strikes on Iranian power grid. * Oil remains above $100 a barrel. * Silver, platinum and palladium down over 2% By Noel John. Gold prices fell more than 1% on Tuesday, extending their slide to a tenth straight session, pressured by a firm U.S. dollar and fading hopes for near-term Federal Reserve interest rate cuts.
* China's stability message contrasts with U.S. policy volatility. * U.S. corporate leaders attend, Japanese executives absent amid diplomatic tensions. * China's five-year plan central to forum discussions. * China's trade surplus hits record $1.2 trillion in 2025 amid global tensions. By Casey Hall and Joe Cash.
The Progressive Corporation (PGR) today announced the pricing of $500 million aggregate principal amount of its 4.60% Senior Notes due 2031 and $1 billion aggregate principal amount of its 5.15% Senior Notes due 2036 in an underwritten public offering.
Japan's core consumer inflation slowed below the central bank's 2% target in February for the first time in nearly four years, data showed, as government fuel subsidies offset rising import costs from a weak yen and surging oil prices from the Iran war.
* February core CPI rises 1.6% yr/yr vs forecast +1.7% * BOJ's preferred index excluding fresh food, fuel up 2.5% yr/yr. * Subsidies offset rising import costs for fuel, raw material. * BOJ to disclose new indicator to better gauge price trend. By Leika Kihara.
* RBNZ may raise rates if inflation becomes entrenched, says governor Breman. * Markets expect a 60% chance of rate hike by May. * Economists say RBNZ unlikely to raise rates in next 6 months. By Lucy Craymer and Wayne Cole.
Activity in Japan's manufacturing sector slowed in March, as orders and output cooled in an early sign of the Middle East conflict's impact on Japanese businesses, a survey showed on Tuesday. * The S&P Global flash Japan Manufacturing Purchasing Managers' Index fell to 51.4 in March from a near four-year high of 53.0 in February.
S&P Global Ratings upgraded Bolivia's long-term sovereign credit rating to "CCC+" from "CCC-" on Monday, citing lower debt-service obligations. The ratings agency also raised its outlook on the country to stable from negative.
San Francisco Federal Reserve Bank President Mary Daly on Monday said that unless the Iran conflict resolves quickly and the Fed can simply "look through" a temporary increase in oil prices, it is not clear what the Fed's next move on interest rates will need to be.
Zions Bancorporation agreed to buy the agency lending business of Basis Multifamily Finance I, a subsidiary of Basis Investment Group. The deal includes the unit's team, access to Fannie Mae and Freddie Mac lending programs, and all associated mortgage-servicing rights, Zions said Monday in a statement. Financial terms weren't disclosed.
US equity indexes rose on Monday after President Donald Trump's decision to postpone a threat to attack Iran's power infrastructure sent crude oil prices and government bond yields sharply lower.
Basis Investment Group and Zions Bancorporation Enter into Strategic Partnership to Expand Each Company's Real Estate Financing and Capital Formation Efforts SALT LAKE CITY, March 23, 2026 /PRNewswire/ -- Zions Bancorporation, N.A (ZION). today announced that it has entered into a definitive agreement to acquire the agency lending business of Basis Multifamily Finance I, LLC, a subsidiary of Basis Inv...
WisdomTree, Inc. (WT), a global financial innovator, today announced its intention to offer, subject to market conditions and other factors, $525.0 million aggregate principal amount of convertible senior notes due 2031 in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.
"We are in interesting times as the market must now balance these robust technicals against a backdrop of geopolitical tension in the Middle East and the nomination of Kevin Warsh, whose hawkish reputation is already being weighed by participants," said Jason Wong, vice president of municipals at AmeriVet Securities.
Financial stocks were advancing in late Monday afternoon trading, with the NYSE Financial Index rising 1.7% and the State Street Financial Select Sector SPDR ETF adding 1.3%. The Philadelphia Housing Index was up 3.3%, and the State Street Real Estate Select Sector SPDR ETF added 1%. Bitcoin was increasing 4.4% to $70,932, and the yield for 10-year US Treasuries fell 5.7 basis points to 4.33%. ...
Financial stocks were advancing in late Monday afternoon trading, with the NYSE Financial Index rising 1.7% and the State Street Financial Select Sector SPDR ETF adding 1.3%. The Philadelphia Housing Index was up 3.3%, and the State Street Real Estate Select Sector SPDR ETF added 1%. Bitcoin was increasing 4.4% to $70,932, and the yield for 10-year US Treasuries fell 5.7 basis points to 4.33%. ...
* Global economic growth slows due to rising oil prices, warns ADNOC CEO. * Oil execs warn of long-term economic impact from Iran conflict. * US Energy Secretary downplays crisis, cites strategic measures. * Strait of Hormuz closure causes global energy supply disruptions. By Sheila Dang and Stephanie Kelly.
"The secondary infrastructure demands [of data centers] will increasingly flow through to municipal balance sheets, driving incremental issuance across multiple sectors," said J.P. Morgan strategists.
A fatal crash and closure at New York's LaGuardia Airport adds to the list of transportation hurdles that includes a jump in jet fuel prices, and travel delays due to a lapse in TSA funding.
Financial stocks were advancing in Monday afternoon trading, with the NYSE Financial Index rising 1.5% and the State Street Financial Select Sector SPDR ETF adding 1.1%. The Philadelphia Housing Index was up 3%, and the State Street Real Estate Select Sector SPDR ETF was gaining 1.3%. Bitcoin was increasing 3.9% to $70,553, and the yield for 10-year US Treasuries was shedding 2.5 basis points t...
Financial stocks were advancing in Monday afternoon trading, with the NYSE Financial Index rising 1.5% and the State Street Financial Select Sector SPDR ETF adding 1.1%. The Philadelphia Housing Index was climbing 3%, and the State Street Real Estate Select Sector SPDR ETF was up 1.3%. Bitcoin was increasing 3.9% to $70,553, and the yield for 10-year US Treasuries was shedding 2.5 basis points ...
* Markets relieved after Trump delays strikes, but caution remains. * Bund yields drop from their highest in almost 15 years. * BofA economist says markets underprice adverse economic impact of the energy shock. By Stefano Rebaudo and Sophie Kiderlin.
* Consumer confidence falls to lowest level since late 2023. * Investors think ECB will be forced to raise interest rates. * Economist predicts GDP will stagnate over next two quarters. By Balazs Koranyi.
Deutsche Bank said it expects Chile's central bank to keep rates on hold at 4.5% on Tuesday. The geopolitical shock in the Middle East is adding upside risks to inflation and downside risks to economic activity, and its macroeconomic implications would depend on the duration and scope of the ongoing disruptions in energy markets, noted the bank.
Federal Reserve Governor Stephen Miran ? who has dissented in favor of rate cuts at every meeting since his appointment by President Donald Trump last year ? said Monday that the Iran-driven oil shock does not alter his policy outlook, arguing the Fed should wait for clearer evidence before assessing the inflation impact of higher energy prices.
U.S. construction spending unexpectedly fell in January amid broad weakness in private projects, government data showed. The Commerce Department's Census Bureau said on Monday that construction spending dropped 0.3% after an upwardly revised 0.8% jump in December, which was the largest increase since April 2024.
Morgan Stanley said it sees Hungary's central bank NBH on hold on Tuesday, with a cautious forward guidance focused on ensuring currency and inflation expectations stability. Morgan Stanley noted it expects Norway's Norges Bank to remain on hold on Thursday. The policy rate path will be revised upwards and the bank forecasts the statement to flag risks to the upside.
Scotiabank provided market pricing across several central banks just before President Donald Trump's latest post claiming the United States and Iran had held talks and were moving toward de-escalation. -- Federal Reserve: OIS markets are leaning toward a mostly priced 25bps hike by year-end. -- Bank of Canada: Markets have about 100bps of hikes priced by year-end.
Mozambique's central bank left its main interest rate unchanged at 9.25% in a decision announced on Monday. The Bank of Mozambique said at its last rate-setting meeting in January that it was nearing the end of an easing cycle. At the time the Southern African country was reeling from severe floods, and the U.S.-Israel war against Iran has further ratcheted up risks to the economic outlook.
In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.
Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.
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