Global Markets Daily Recap - April 1, 2026
FastBull FeaturedSummary:
Iran-Israel tensions escalated as Iran launched missiles and drones at Israel-US bases, closing the Strait of Hormuz and disrupting 12M bbl/day of oil supply. Brent crude hit $100/barrel while Saudi exports fell 50%. Gold surged past $4,770/oz (+2%) on safe-haven demand, boosting gold stocks. South Korea's KOSPI surged 9%, triggering circuit breakers. US ISM Manufacturing PMI beat expectations at 52.7, while Fed signaled rates on hold.
Hights: Iran-Israel tensions escalated as Iran launched missiles and drones at Israel-US bases, closing the Strait of Hormuz and disrupting 12M bbl/day of oil supply. Brent crude hit $100/barrel while Saudi exports fell 50%. Gold surged past $4,770/oz (+2%) on safe-haven demand, boosting gold stocks. South Korea's KOSPI surged 9%, triggering circuit breakers. US ISM Manufacturing PMI beat expectations at 52.7, while Fed signaled rates on hold.
Middle East Crisis
Iran-Israel tensions escalated as Iran launched missiles and drones at Israel-US bases, closing the Strait of Hormuz.
- Hormuz Closed: 12M bbl/day oil supply disrupted — April
- losses expected 2x March Saudi Arabia exports fell -50% due to Hormuz closure
- Supreme Leader Khamenei health stable, public appearance delayed due to war
Gold Market
Gold Breaks $4,770/oz (+2%) on safe-haven demand
- Gold stocks rallied: Cordilleran +6%, Newmont +5%
- Safe haven demand surges amid Middle East crisis
Energy Markets
Brent crude hit $100/barrel while WTI touched $98
- WTI -5.08% today
- EGA (UAE) halts aluminum production
US Economy
- KOSPI surged +9% to 5,507 — circuit breaker triggered
- Hang Seng +2.04%, Tech Index +2.29%
- Taiwan Weighted +4.02% to 32,996
Central Bank Policy
- Fed signals rates on hold "for some time"
- ECB ready to act when data shows war impact
- BoE: UK growth below potential
China Futures
- Ethylene Glycol: -8% | Fuel Oil: -10% | Methanol: -7% | SHFE Gold: +1%
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