Market Information Tuesday 24 March 2026

Asian markets moved higher on Tuesday after Donald Trump unexpectedly announced a five day pause in escalating tensions with Iran. This followed steep losses on Monday driven by rising geopolitical risks around the Strait of Hormuz. Wall Street closed higher on Monday, while oil prices and bond yields reacted strongly to the shifting political signals.

Oil prices rebounded on Tuesday after Monday’s sharp drop, which had been driven by Trump’s remarks hinting at a possible end to the conflict with Iran. Brent crude rose 2.8% to USD 102.79 per barrel, following a Wall Street Journal report that Gulf allies such as the UAE and Saudi Arabia may join strikes against Iran. Iran’s denial of negotiations with the U.S., combined with renewed drone and missile attacks, has revived concerns about further escalation in the Middle East.

Japan’s economic growth softened in March after two strong months. Preliminary S&P Global PMI data show declines in both services (from 53.8 to 52.8) and manufacturing (from 53.0 to 51.4), pushing the composite index down to 52.5. According to S&P, growth momentum has eased, though all readings above 50 continue to signal expansion.

The 6M Euribor increased with 9 basis points to 2.41% compared to previous business day. The 10Y Swap decreased with 3 basis points to 3.04% 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.