Market Information Friday 03 April 2026

Yesterday, financial markets reacted nervously after US President Donald Trump said the war with Iran is unlikely to end soon, raising concerns about prolonged military action and potential escalation. Stock markets initially fell while oil prices rose, reflecting heightened geopolitical risk, although sentiment improved later in the day after Iran’s foreign ministry signalled cooperation with Oman to manage shipping through the Strait of Hormuz. Analysts warned that markets remain highly sensitive to conflict‑related headlines and that a sustained recovery will depend on clear signs of de‑escalation, resulting in only modest movements in major US indices by the close.

French President Emmanuel Macron has rejected calls to reopen the Strait of Hormuz through military force, calling such an operation unrealistic, too dangerous, and excessively time‑consuming. Speaking during a visit to South Korea, he said secure passage through the strait can only be restored through diplomatic engagement with Iran following a ceasefire, rather than through troop deployments proposed by US President Donald Trump. Macron also criticized military strikes on Iran’s nuclear facilities, arguing they offer no lasting solution without a broader diplomatic and technical framework, and questioned earlier claims that Iran’s nuclear capabilities had already been fully destroyed.

A large‑scale cyberattack has resulted in the theft of more than $300 million in digital assets from users of the crypto derivatives platform Drift, making it one of the biggest crypto hacks to date, with recovery still uncertain and the breach possibly ongoing. The attack appears highly sophisticated, likely involving the manipulation of employees and forged digital signatures, allowing hackers to drain nearly all assets from a supposedly secure wallet. The incident triggered sharp declines in Drift’s own token and the Solana network, underscoring persistent vulnerabilities in decentralized finance, including extreme leverage, concentrated control by developers, and frequent security flaws in still‑developing crypto networks.

The 6M Euribor increased with 1 basis point to 2.49% compared to previous business day. The 10Y Swap increased with 1 basis point to 3.05% compared to previous business day.

In the attachment, today’s market data on money and capital market rates as well as other rates are presented.