Latest / MPC Markets Morning Call
3rd March 2026 – Trump has officially made everything white noise as Stocks finish unchanged
Global markets largely ignored escalating Middle East tensions and rising inflation signals, with US indices finishing flat while the ASX benefits from rotation into value, energy, critical minerals and defence amid ongoing geopolitical instability.
US equities were broadly unchanged despite heightened geopolitical risk, with Nvidia bouncing and defence and oil names rallying in a counterintuitive move.
Rising oil and commodity prices plus hotter manufacturing PMIs flag renewed inflation pressure that should in theory weigh on broader equities.
Defence stocks held by MPC (e.g. RTX, BAE…
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