Euro area ECB Wage Tracker

Germany Bundesbank Mauderer Speech

United States Chicago Fed National Activity Index

United States Construction Spending MoM

European equity markets were set to open lower on Monday, extending last week’s selloff as investors tracked developments in the Middle East conflict and assessed the impact of elevated energy prices on inflation and growth. The US-Israel war with Iran entered its fourth week with no sign of easing, with President Donald Trump threatening strikes on Iranian power plants if the Strait of Hormuz is not reopened, while Tehran warned it would target key US and Israeli assets across the region if its energy facilities were hit. Surging energy prices have fueled global inflation concerns, prompting a hawkish tilt among major central banks. Last week, the European Central Bank kept rates unchanged but signaled readiness to raise them in the near term if price pressures continue to build. In premarket trade, Euro Stoxx 50 and Stoxx 600 futures were both down more than 1%.

European Stocks Head Lower on Mideast Jitters

US 10 Year Government Bond Yield increased to 4.42%, the highest since July 2025. Over the past 4 weeks, US 10 Year Note Bond Yield gained 38.30 basis points, and in the last 12 months, it increased 7.50 basis points.

US 10Y Bond Yield Hits 33-week High

Iron ore futures climbed to around CNY 820 per ton, nearing their highest levels since February last year as disruptions linked to the Middle East conflict created a structural inventory shortfall in the market. Prices were further supported by rising ocean freight rates and higher energy costs stemming from the Iran war. When oil and gas prices surge, utilities tend to shift toward coal, tightening supply and lifting coal-linked prices. Industry data showed iron ore stockpiles at major Chinese ports fell by nearly 1% week-on-week as of March 20. Meanwhile, analysts cautioned that elevated raw material costs could squeeze steel mill margins, potentially weighing on iron ore demand. In Australia, weather-related disruptions in key iron ore hubs in the northeast added to supply concerns.

Iron Ore Extends Gains on Supply Concerns

Consumer confidence in the Netherlands declined to -30 in March 2026 from -24 in February, the weakest reading since late September, and representing the largest monthly drop in four years. Households’ assessment of the economic climate deteriorated further, with the index falling to -54 from -42 in February, reflecting more pessimistic views of overall economic conditions. Perceptions of the economic situation over the past twelve months dropped to -55 from -47, and expectations for the next twelve months also weakened to -52 from -38, showing a broad-based decline in confidence. Households’ evaluation of their financial situation over the past year edged down to -10 from -8, while expectations for the next twelve months turned negative at -3 from 1. Willingness to buy decreased slightly to -15 from -11, indicating lower consumer readiness for purchases, and views on the timing for major purchases worsened to -32 from -28.

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