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Today Fundamental Analysis: Asian Markets Slide as Oil Breaks Back Above $100

March 16, 2026, 07:57

Asian Markets Slide as Oil Breaks Back Above $100

Asian markets mostly declined today as investors reacted to rising oil prices and escalating tensions between the U.S. and Iran. West Texas Intermediate (WTI) traded around $98.00 and Brent rose above $103, after the U.S. launched strikes on Iranian military assets near Kharg Island, a key oil export hub, and warned of further attacks on energy infrastructure.

In the US market, stock futures moved slightly higher as markets attempted to recover after another losing week, while investors continued to monitor oil prices and developments in the U.S.–Iran conflict. Dow Jones futures rose about 0.75%, S&P 500 futures gained 0.8%, and Nasdaq 100 futures climbed 0.9%.

The rebound follows last week’s decline for the three major indices as the S&P 500 fell 1.7%, while the Dow and Nasdaq dropped about 2% and 1.3%, respectively.

Gold stabilized near the $5,000 level during the Asian session but remained under pressure as markets focused on upcoming central bank policy decisions this week. Silver is moving mostly sideways around the $80 mark. The US Dollar Index (DXY) is currently near its 10-month high as it jumped to 100.54. This move by the greenback limits precious metal gains. Meanwhile, cryptocurrencies gained, with Bitcoin rising above $73,800 and Ether jumping above $2,200

Investors are awaiting monetary policy decisions from major central banks, including the Fed, European Central Bank, Bank of Japan, Bank of England, and Reserve Bank of Australia, with most expected to keep rates unchanged, while the RBA may raise rates again.

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