Konrad Wysocki

Chile stocks weekly recap: IPSA sinks 5% as oil shock hits Santiago, rate bets wobble

Chile stocks weekly recap: IPSA sinks 5% as oil shock hits Santiago, rate bets wobble

Chile’s S&P CLX IPSA index fell 5.2% this week, closing Friday at 10,312.05 after steep losses earlier. Banks and consumer stocks remained pressured, while a flat February CPI and slower annual inflation offered little relief. The peso weakened to 911.62 per dollar amid oil-driven currency stress. Investors are watching the central bank’s next policy meeting on March 24.
March 7, 2026
Nigeria’s NGX jumps 2% in a week and nears the 200,000 mark — here’s what moved the market

Nigeria’s NGX jumps 2% in a week and nears the 200,000 mark — here’s what moved the market

Nigeria’s NGX All-Share Index gained 2.1% this week, closing Friday at 196,968, with year-to-date returns at 26.6%. Turnover slowed late in the week as the naira weakened to 1,398 per dollar. Friday’s session saw 586 million shares traded in 62,699 deals. The index remains near the 200,000 mark after touching an intraday high close to 198,000.
March 7, 2026
Warsaw Stock Exchange last week: WIG20 suffers worst week of 2026 as oil shock swamps rate-cut hopes

Warsaw Stock Exchange last week: WIG20 suffers worst week of 2026 as oil shock swamps rate-cut hopes

Poland’s WIG20 index fell 5.17% this week, its steepest drop of 2026, erasing gains from a recent central bank rate cut. The decline followed a broader European selloff, with the STOXX 600 down 5.5% as Middle East tensions pushed oil prices higher. By Friday, the wider WIG lost 1.83%, and major Polish banks and utilities posted sharp losses. Orlen slipped 0.58% after QatarEnergy declared force majeure on LNG cargoes.
March 7, 2026
Qatar Stock Exchange Last Week: Late Rally Fails to Stop 3.2% Drop

Qatar Stock Exchange Last Week: Late Rally Fails to Stop 3.2% Drop

Qatar’s stock index dropped 3.22% for the week ended March 5, erasing QR21.73 billion in market value as 48 of 54 stocks fell. The selloff followed Qatar’s force majeure declaration on gas exports, with transport and industrial shares hit hardest. Some firms, including Mesaieed Petrochemical and Qatar Aluminum Manufacturing, announced operational cuts after QatarEnergy halted output. Dubai’s index lost 9% for the week.
March 7, 2026
Last Week on the Stock Exchange of Thailand: SET Index Drops 7.7% as Oil Shock Jolts Thai Stocks

Last Week on the Stock Exchange of Thailand: SET Index Drops 7.7% as Oil Shock Jolts Thai Stocks

Thailand’s SET index closed at 1,410.37 on Friday, down 0.49% for the day and 7.7% for the week, as Middle East oil disruptions rattled markets. Foreign investors sold a net 6.63 billion baht after heavy inflows in February. Rayong Olefins declared force majeure due to the conflict. Brent crude rose above $90 a barrel, with Goldman Sachs warning it could exceed $100 if shipping through the Strait of Hormuz remains disrupted.
March 7, 2026
Nasdaq Nordic Last Week: Zealand Pharma Plunge, Sectra Jump as Nordic Stocks Turn Lower

Nasdaq Nordic Last Week: Zealand Pharma Plunge, Sectra Jump as Nordic Stocks Turn Lower

Nasdaq's Nordic 120 index dropped 0.78% on Friday, led by a more than 30% plunge in Zealand Pharma after obesity drug trial results lagged rivals. Stockholm's OMXS30, Copenhagen's OMXC25, and Helsinki's OMXH25 all posted weekly losses. Sectra gained over 12% after reporting a 21.1% rise in nine-month operating profit. Goldman Sachs warned oil could top $100 if Strait of Hormuz flows remain disrupted.
March 7, 2026
Spain’s IBEX 35 Suffers Worst Week in Four Years on BME as Oil Shock Bites

Spain’s IBEX 35 Suffers Worst Week in Four Years on BME as Oil Shock Bites

Spain’s IBEX 35 fell about 7% this week to 17,074.40, marking its worst weekly loss in four years amid a surge in oil prices and a retreat from risk assets. European stocks broadly dropped, with the STOXX 600 down 5.5%. Banks including Santander slid 3% to 5% on Monday. BME announced Aedas Homes will exit the IBEX Small Cap and Top Dividendo indices after a takeover by Neinor DMP BidCo.
March 7, 2026
Singapore Exchange Last Week: STI Falls 2.9% as Middle East Oil Shock Hits Airlines

Singapore Exchange Last Week: STI Falls 2.9% as Middle East Oil Shock Hits Airlines

Singapore’s Straits Times Index closed Friday up 1.69 points at 4,848.25 but ended the week down 2.9%, pressured by surging oil prices linked to Middle East conflict. ST Engineering gained 9.8% over the week, while Jardine Matheson fell 8.5% and Singapore Airlines dropped 7.4%. Brent crude settled at $85.41 a barrel. Trading volume reached S$2.1 billion, with more gainers than losers.
March 7, 2026
Last Week on Brazil’s B3 Stock Exchange: Ibovespa Falls Nearly 5% as War Fears Outrun Petrobras Boost

Last Week on Brazil’s B3 Stock Exchange: Ibovespa Falls Nearly 5% as War Fears Outrun Petrobras Boost

Brazil’s Ibovespa index closed Friday down 0.61% at 179,364.82, capping a 4.99% weekly loss as conflict in the Middle East pushed oil prices higher and U.S. jobs data disappointed. Petrobras posted a fourth-quarter net profit of 15.6 billion reais and announced 8.1 billion reais in shareholder payouts. Brazil’s 2025 GDP growth slowed to 2.3%, its weakest since 2020. Rate cut hopes dimmed as inflation risks rose.
March 7, 2026
Deutsche Börse Weekly Wrap: DAX Posts Worst Week in a Year as Oil Shock Hits Frankfurt

Deutsche Börse Weekly Wrap: DAX Posts Worst Week in a Year as Oil Shock Hits Frankfurt

Germany’s DAX index fell 6.7% this week to 23,591.03, its worst weekly drop in a year, as energy prices surged and U.S. jobs data disappointed. Beiersdorf and Adidas shares slumped after profit warnings, while Siemens Energy dropped 6%. Rheinmetall announced plans to expand missile production amid Middle East tensions. STOXX said there will be no changes to the DAX or TecDAX in March.
March 7, 2026
Last Week on Saudi Exchange: TASI claws back to weekly gain as oil rally steadies Saudi stocks

Last Week on Saudi Exchange: TASI claws back to weekly gain as oil rally steadies Saudi stocks

Saudi Arabia’s Tadawul All Share Index closed Thursday at 10,776.32, up 83.63 points for the day and 0.6% on the week, outperforming Gulf peers as regional tensions lifted oil prices. Trading totaled 5.23 billion riyals with 194 gainers and 62 losers. Al Rajhi Bank rose 1.76%, while Al Moammar Information Systems surged 9.95% on a data-centre deal. TASI remains below its 52-week high but is up 2.72% year-to-date.
March 7, 2026
Bombay Stock Exchange Last Week: Sensex Logs Worst Week in 14 Months as Oil Shock Hits Indian Stocks

Bombay Stock Exchange Last Week: Sensex Logs Worst Week in 14 Months as Oil Shock Hits Indian Stocks

Mumbai’s Sensex posted its steepest weekly drop in 14 months, falling 2.9% to 78,918.90 as oil prices surged after Iran blocked the Strait of Hormuz. The rupee hit a record low past 92, prompting the RBI to sell an estimated $12 billion to steady the currency. Financials and oil stocks led declines, while 15 of 16 major sectors fell. The Nifty 50 also lost 2.9% for the week.
March 7, 2026
Last Week on Toronto Stock Exchange: TSX Slides 3.7% as Oil Shock Wipes Out Record Run

Last Week on Toronto Stock Exchange: TSX Slides 3.7% as Oil Shock Wipes Out Record Run

Canada’s S&P/TSX Composite Index fell 1.6% Friday to 33,083.72, ending its worst week in over a month as war-driven oil spikes and inflation fears hit most sectors. The index dropped 3.7% for the week, despite starting with a record high Monday. Oil prices surged after the Strait of Hormuz closed, fueling concerns over inflation and growth. The Canadian dollar rose 0.5% on the week.
March 7, 2026
Last Week on Euronext: CAC 40, AEX and BEL 20 End Lower as Oil Shock Hits Europe

Last Week on Euronext: CAC 40, AEX and BEL 20 End Lower as Oil Shock Hits Europe

Europe’s STOXX 600 dropped 5.5% for its worst week in nearly a year, with Paris and Frankfurt posting their sharpest declines since April 2025. Euronext data showed the CAC 40 closed Friday at 7,993.49, down 0.65%, while Lisbon’s PSI edged up 0.15%. Oil prices surged over 27% for the week, fuelling concerns about inflation and ECB rate policy. Banks and healthcare stocks fell, while energy and defence shares rose.
March 7, 2026
New York Stock Exchange Last Week: Dow Suffers Worst Week Since April as Oil Shock, Weak Jobs Rattle Stocks

New York Stock Exchange Last Week: Dow Suffers Worst Week Since April as Oil Shock, Weak Jobs Rattle Stocks

The Dow fell 3.01% last week, its steepest drop since April 2025, as war-driven oil spikes and a surprise U.S. jobs decline rattled Wall Street. Investors pulled $21.92 billion from U.S. equity funds, the largest outflow in eight weeks. Nonfarm payrolls fell by 92,000 in February and unemployment rose to 4.4%. The Cboe Volatility Index closed at its highest since April 2022.
March 7, 2026
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