Latest / MPC Markets Morning Call
9th March 2026 – Soft Labour market and higher oil prices deliver 1-2 punch to Investor sentiment
Global markets endured their worst week in months as the US–Israel–Iran conflict drove oil prices to multi-year highs — with WTI up over 35% in five days — while a shockingly weak February nonfarm payrolls report (-92,000 jobs) compounded stagflation fears. Stocks, bonds and traditional safe havens all fell in tandem, breaking the typical crisis playbook and leaving investors with few places to hide except energy. The ASX is set for a cautious open, with Wednesday's US CPI print and ongoing geopolitical developments the key focus for the week ahead.
Key Takeaways
• The S&P 500 posted its…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.