Latest / MPC Markets Morning Call
Call 2nd March 2026 – Stocks set for horrible session as US/Iran Conflict ignites
Middle East escalation and emerging credit stress set up a rough start to the week, with AI leaders wobbling, stagflation signals building, and the ASX skewed towards defensives, hard commodities and energy as geopolitical risk and supply-chain security come back into focus.
Key takeaways
US and Israeli strikes on Iran have ignited the conflict, pointing to a very weak risk tone for global equities into the new week.
UK private credit stress at a mortgage lender, including alleged double-pledging fraud, has hit confidence in financials, with Barclays flagged as heavily exposed.
The…
The skinny
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