Daily Stock Market Report (Tue 10th March 2026) - Agenda
Good morning!
After the drama yesterday, with indices gapping lower and oil up by $12-14, the rest of the day was relatively calm.
President Trump has said that US military objectives are “pretty well complete”, but also that he would “not relent until the enemy is totally and decisively defeated”. With his most interesting prediction being that the war would be over “very soon”, his comments were interpreted very positively.
With regards to the Strait of Hormuz, which remains closed, he said he was “thinking about taking it over”. The economic consequences of recent decisions are clearly impacting his thought process:
“We’re looking to keep the oil prices down... They went artificially up because of this excursion.”
Major indices this morning:
FTSE up 1.2%Samp;P 500 closed strongly yesterday, clawing back its initial losses. Futures currently trading at 6800 (Friday’s close: 6733)US crude oil futures are down $8 at $85, after an incredibly wide range yesterday of $80 - $114.Brent crude is also down $8 at $89.Gold is stable at around $5,200
It’s so easy to get caught up in daily news flow, and I can be guilty of that myself sometimes.