Wolf Money(world market review 23-29 Mar 2026)
Market Summary 23-29 Mar 2026
*USA*
-Wall Street drops again for a 5th straight week on Iran war worries, S&P closing out its worst week since war began
-US year-ahead inflation expectations revised higher to 3.8% in Mar vs earlier estimate of 3.4%
-US composite PMI at 51.4 in Mar at 11-mth low
-US consumer confidence fell to 53.3 in Mar, vs preliminary estimate of 55.5 and below Feb’s 56.6
-US initial jobless claims up by 5000 to 210,000
± US sells US$68.4bn 2-year notes resulted in high yield of 3.936%; 10-yr treasury note rose to as high as 4.8% at 8-mth high
-US current account deficit narrowed to US$190.7bn in Q4 from US$239.1bn in Q3, lowest since 2021
+ Fannie Mae set to accept mortgages backed by cryptocurrencies: WSJ
-US average 30-year fixed mortgage rate for loans of US$806,500 or less climbed to 6.43 at 5-mth high
± US export prices up 1.5% MoM in Feb, sharpest increase since May 2022, import prices rose 1.3%, the most since Mar 2022
+ US crude inventories rose by 6.926m barrels to 456.2m barrels, rise for 5th week
+ Trump’s China visit rescheduled for May 14-15 after delay
-US ambassador to EU urged Brussels to ratify previously signed trade deal or risk losing “favourable” access to US energy
-US urged EU to tone down its regulation on Big Tech companies
+ ARM launched its own agentic processor chip for the first time
+ US federal judge blocked Pentagon order designating Anthropic a national security risk
+ Anthropic is weighing an IPO as early as 4th qtr
+ Apple plans to invest US$400m in its American Manufacturing Program through 2030
± MicroStrategy acquired another 1031 Bitcoin for approximately US$76m
+ Gemini launched feature allowing users to transfer personal memories and chat histories from rival AI apps
*CHINA*
+ China’s industrial profits jumped 15.2% YoY in Jan-Feb as cost fall, the strongest start since 2018
+ China’s current account surplus surged to unprecedented US$243.8bn in Q4, driven by 6.5% rise in exports
+ China’s fiscal spending at the fastest pace for the start of a year in 5 years
-Shanghai Gold Exchange urged investors to adjust their holdings, guard against risk amid intensifying market volatility
-China weighs lower cap on life insurance return projections
+ China’s Life Insurance Co Ltd reported net profit rose 44% to ¥154.09bn in 2025, total premium increased 8.7%
-China announced 2 reciprocal trade barrier probes into US measures harming global production and supply chain, green product trade
+ China launched world’s first floating artificial island designed for all-weather, deep-sea scientific research
+ China’s airlines add 2900 flights to Europe due to their access to Russian airspace and ability to bypass ME
+ China Eastern to buy 101 Airbus Jets in US$16bn deal
+ Air China subsidiary to lease 10 Boeing jets in deals worth about US$400m
+ China to launch pilot programs for high-quality datasets to empower AI agents
+China pushed firms to release their fertiliser reserves in time for vital spring planting season as Iran war chokes off imports
+ China filed 22,031 patent applications with European Patent Office in 2025, up 9.7% YoY at 3rd ranking for the first time
+ China’s consumers shift from discounts to quality as confidence improves: NielsenIQ survey
+ BYD’s revenue at ¥803.96bn for full year 2025; gross profit rose by 18% YoY to ¥142.7bn, net income at ¥32.6bn
+ Xiaomi posted ¥457.3bn in revenue, up 25% YoY, adjusted net profit climbed 43.8% to ¥39.2bn
+ WeRide announced US$100m buyback as 2025 revenue surged 90%
+ HK’s trade deficit widened sharply to US$64.2bn in Feb vs US$36.3bn YoY, exports rose 29% YoY, imports up 29.9%
-Taiwan’s consumer confidence index fell to 62.3 in Mar vs 66.58 in Feb, lowest since Jan 2023
*EUROPE*
+ European Parliament voted to advance legislation to fulfil EU side of trade agreement with US
-Eurozone composite PMI output index at 50.5 in Mar at 10-mth low: S&P Global
-ECB: hike may be needed if Iran war continues
+ EU put plans on hold for complete ban on Russian oil imports, due to be unveiled in Mid-Apr
-European countries could face fuel shortages as soon as Apr as a result of Iran War: Shell CEO
-EU to set up customs authority in France ahead of small parcel taxes
-Germany’s GDP expected to stagnate in Q1: Deutsche Bundesbank
-Germany’s 10-year Bund yield surged >3.1% to 15-year highs
-Germany’s consumer climate indicator dropped to -28 heading into Apr, weakest in 2 yrs
+ Germany chemical giant BASF opened US$10bn overseas project in China, its largest overseas investment
-UK private sector activity fell to lowest point in 6-mth in Mar: S&P Global
-UK consumer confidence index fell to -21 in Mar from -19 in Feb to 11-mth low
+ UK to increase investment in small businesses to £7.4bn per year by 2028, to ensure better opportunity to win lucrative govt contracts and grow their businesses
-France’s 10-year OAT yield surged to 17-year high to 3.9% amid Iran tensions
-Italy’s 10-year BTP yield surged >4.1% nearing its highest level since Nov 2023
+ Italy’s trade surplus with non-EU countries reached €5.5bn in Feb, up 14.6% YoY
-Spain’s annual inflation rate jumped to 3.3% in Mar to near 2-year high
-UBS suspended withdrawals from its Euroinvest real estate fund for up to 3 years citing insufficient liquidity
-Finland, Greece, Denmark, Portugal 10Y bond yield hits 28-29-mth high, Norway 10Y bond yield hits 17-year high
-Russia vows to ban gasoline exports from Apr 1
+ Russia ready to increase supplies of LNG to India, also discussed possibility of LPG exports
*ASIA*
-Japan to tap joint oil reserves by end-Mar to secure fuel supply
+ Japan’s factory activity at 51.4 in Mar vs 53.0 in Feb: S&P Global
-Japan 10-year govt bond yield climbed to 2.37% at 27-year high
+ Toshiba, Rohm, Mitsubishi Electric are discussing integrating their semiconductor businesses: Nikkei
+ SoftBank obtained US$40bn loan through a bridge facility to fund additional investment in OpenAi
-India 10-year G-Sec climbed to 6.9% to 19-mth high
-Indian refiners sharply increased purchases of Russian oil for delivery in Apr, paying above global benchmark prices: Bloomberg
+ SK Hynix files confidential submission to SEC for US listing
-Gulf bloc said Iran was charging ships fees for safe passage through Strait of Hormuz
+ SEA has become biggest destination for Chinese companies going global, driven by geographical proximity, regional manufacturing skills and FTA
+ Indonesia may ease output of coal and nickel if prices remain stable: Minister
-Philippine President declared state of national energy emergency
-Malaysia’s producer prices fell 3.4% YoY in Feb, marking the 12th straight monthly decline, steepest contraction in 7 mths
+ Sg manufacturing output fell 0.1% YoY in Feb, vs 12.9% surge in Jan, first falls in 6 mths
± Sg Domestic Supply Price Index fell by 2.9% YoY in Feb, marking the 3rd consecutive mth of decline
+ Sg unveiled plans to become a gold trading hub amid rising investor interest
+ MIT n Temasek appointed Fullerton FM and 65 Equity Partners for new S$1.5bn Anchor Fund tranche to boost IPO pipeline
Contribution by Derek@valueinvestments chat group. Thank you.
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