Latest / MPC Markets Morning Call
10th March 2026 – Stock rebound as oil plummets on Trumps declaration of “quick win” in Iran
Global markets endured extreme volatility overnight as the Iran conflict entered its 10th day — oil briefly touching US$120 before crashing back below US$88 — but stocks and bonds staged a dramatic reversal after Trump signalled the war was "very complete," leaving the week's US CPI print as the next major flashpoint.
6 Key Takeaways
• The S&P 500 recovered from a 1.5% intraday loss to close up 0.8% after Trump told CBS the Iran war was "very complete, pretty much" and the military campaign ahead of its planned timeline.
• WTI crude collapsed from above US$119 to below US$86 in a single…
The skinny
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