Momentum Chart of the Week – 30 March 2026
Across all regions, the dominant macro driver is clear: Geopolitics → energy shock → inflation → tighter financial conditions Download PDF
Across all regions, the dominant macro driver is clear: Geopolitics → energy shock → inflation → tighter financial conditions Download PDF
Geopolitical tensions in the Middle East, particularly the Iran conflict and Strait of Hormuz risks, dominated markets and politics worldwide, driving energy price volatility, shaping economic policy, and overshadowing domestic macroeconomic trends. Download PDF
Geopolitical tensions in the Middle East, particularly the Iran conflict and Strait of Hormuz risks, dominated markets and politics worldwide, driving energy price volatility, shaping economic policy, and overshadowing domestic macroeconomic trends. Download PDF
February ended dramatically with joint US-Israeli strikes on Tehran killing Ayatollah Khamenei, sparking a repricing of risk assets as oil surged on Strait of Hormuz closure fears and inflation expectations jumped, taking rate cuts off the table. Beneath the geopolitical shock, markets told a broader story: ex-US equities outperformed significantly
The week’s dominant theme across regions was geopolitical energy shock → inflation risk → market volatility, all reshaping expectations for monetary policy and growth globally. Download PDF
The US–Israel strikes on Iran, including the killing of its supreme leader, have sharply escalated conflict and energy risks, provoking global condemnation, fears of wider war, and increased volatility in oil markets and financial conditions. Download PDF
The dominant financial theme was a sharp escalation in global trade tensions driven by new US tariffs, which disrupted global supply chains, weakened trade outlooks, and reshaped relative competitiveness between major economies. Download PDF
Global markets were increasingly driven by political developments, especially Japan’s election stimulus, UK political instability, and China’s Treasury positioning, while resilient economic growth and AI-led equity strength supported overall market performance. Download PDF
Global financial markets began 2026 with broadly constructive sentiment, as risk assets advanced while investors remained attentive to macroeconomic and geopolitical crosscurrents. Equities posted solid gains, supported by improving risk appetite, a weaker US dollar, and strength in select technology-linked segments, which contributed to notable outperformance in several non-US developed and emerging