Global markets plunge as Brent crude futures surge 14% on escalating Middle East conflict and supply fears. European shares hit two-month lows, with banking and tech stocks leading the sell-off. The US dollar soars as a safe-haven, pushing the euro and sterling lower. Investor focus shifts to US inflation reports (CPI and PCE) that are expected to reinforce a hawkish Fed and delay rate cuts. Technical analysis of the FTSE 100 is also covered.
09-03-2026 09:46 GMT
by Zain Vawda