Market News

Shares of Aureus Greenway Holdings (NASDAQ: AUGS) surged roughly 55% after the Wall Street Journalreported that the company will merge with Powerus, a drone manufacturer backed by the sons of President Trump.

According to the report, Eric Trump and Donald Trump Jr. support Powerus through their investment vehicle American Ventures. The deal will take place through a reverse merger, allowing Powerus to become publicly traded on the Nasdaq in the coming months.

Powerus, a West Palm Beach, Florida-based drone company founded last year, has expanded rapidly, acquiring three companies in the past six months.

The three companies Powerus acquired in the past six months are:

• Kaizen Aerospace, Inc. – focuses on heavy-lift unmanned aerial systems…

Headlines:

• G7 members, IEA reportedly to discuss on joint release of emergency oil reserves
• Oil price surge relents as G7 mulls coordination with IEA to release emergency oil reserves
• Oil prices ease after record jump as G7 considers emergency reserve release. Is it enough?
• Everything that Trump hates is what is happening in markets
• Japan reportedly calls on oil storage bases to prepare for release of stockpiles
• Bahrain's major oil refinery also reportedly struck by Iranian drone attack
• European indices continue to tumble as Middle East conflict weighs further
• Eurozone March Sentix investor confidence -3.1 vs -5.0 expected
• Germany January industrial orders -11.1% vs -4.5% m/m expected
• Germany January industrial production -0.5% vs +1.0% m/m…

• Prior 4.2

No surprises there as the index drops off amid the initial impact of the US-Iran conflict. I would expect investor sentiment to worsen further if given the chance to see another survey after the latest surge in oil and gas prices. For some context, the survey here was conducted from 5 March to 7 March. Sentix notes that the decline here was the "first indication of the economic situation following the outbreak of the Iran war".

Adding that:

"This casts considerable doubt on the recent upturn in the EU. The energy price shock and geopolitical risks are dampening the previously increased optimism for the Eurozone economy."

The expectations index also fell sharply from 15.8 in February to 3.5 in March. Meanwhile, the current situation…

•  Asian Stock Markets : Nikkei down 6.91%, Shanghai Composite up 1.13%, Hang Seng down 2.64% ASX down 3.43%
• Commodities : Gold at $5,094.61 (-1.20%) Silver at $83.060 (-1.48%), Brent Oil at $116.13 (25.22%), WTI Oil at $114.01 (27.79%)
• Rates : US 10-year yield at 4.205, UK 10-year yield at 4.6340, Germany 10-year yield at 2.8643

• (USD) Core Retail Sales m/m  0.0%  to 0.1%  expected
• (USD) Retail Sales m/m -0.2%  to -0.3%  expected
• (USD) Non-Farm Employment Change  -92K  to 58K  expected
• (USD) Unemployment Rate  4.4%  to 4.3%  expected

Asian stock markets are tumbling on Monday following negative cues from Wall Street on Friday, as investors remain cautious…

IC Markets Global – Europe Fundamental Forecast | 09 March 2026

What happened in the Asia session?

Heightened market volatility driven by escalating US-Iran tensions, including reports of a US sinking an Iranian warship near Sri Lanka, the first such incident since WWII, which fueled safe-haven flows and oil supply disruption fears. Key macroeconomic data included Australia’s stronger-than-expected Q4 GDP growth of 0.8% (versus 0.6% forecast), supporting the AUD, alongside anticipation for China’s National People’s Congress with softer 2026 growth targets and limited stimulus signals.

What does it mean for the Europe & US sessions?

Escalating Middle East tensions are driving oil price surges and inflation fears, alongside mixed US…

IC Markets Global – Asia Fundamental Forecast | 09 March 2026

What happened in the U.S. session?

Disappointing February jobs report revealing 92k payroll losses and 4.4% unemployment, fueling recession concerns, while surging oil prices from U.S.-Iran tensions exacerbated inflation worries, triggering sharp declines in stocks (S&P 500 -1.33%, Dow -0.95%), VIX spike to 29.49, and mixed Treasury yields with the 10-year at 4.14%; energy commodities rallied strongly, underscoring stagflation risks ahead of Fed decisions.

What does it mean for the Asia Session?

Asian traders face a high-volatility open driven by escalating Middle East tensions disrupting oil supplies through the Strait of Hormuz, pushing Brent crude toward $93 per barrel…

IC Markets Global – Asia Fundamental Forecast | 09 March 2026

What happened in the U.S. session?

Disappointing February jobs report revealing 92k payroll losses and 4.4% unemployment, fueling recession concerns, while surging oil prices from U.S.-Iran tensions exacerbated inflation worries, triggering sharp declines in stocks (S&P 500 -1.33%, Dow -0.95%), VIX spike to 29.49, and mixed Treasury yields with the 10-year at 4.14%; energy commodities rallied strongly, underscoring stagflation risks ahead of Fed decisions.

What does it mean for the Asia Session?

Asian traders face a high-volatility open driven by escalating Middle East tensions disrupting oil supplies through the Strait of Hormuz, pushing Brent crude toward $93 per barrel…

US Stocks Crash on Non-Farms Miss and Conflict Concerns – Nasdaq down 1.6%
US stocks took another big hit on Friday after US employment data came in a lot lower than expected while the conflict in the Middle East rolled on with no signs of slowing. The Dow Jones declined 0.94% to close at 47,501, while the S&P 500 fell 1.33% to finish at 6,740. The technology-heavy Nasdaq led the losses, dropping 1.59% to close at 22,387. In fixed income markets, US Treasury yields finished the session relatively steady as competing forces influenced trading. Treasury yields closed near flat as the impact of the weaker employment data was offset by continued inflation concerns. The US 2-Year fell 1.6 basis points to 3.561%, while the 10-Year edged slightly…