Economy 22 February 2026 - 7 March 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
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
Dow Futures Slip, Oil Jumps Before U.S. Jobs Report Caps Volatile Week

Dow Futures Slip, Oil Jumps Before U.S. Jobs Report Caps Volatile Week

U.S. stock futures fell early Friday, with Dow E-minis down 0.27% and oil prices surging, as investors awaited the February jobs report. Brent crude rose 3.45% to $88.36 a barrel, on track for its strongest weekly gain since 2020. Economists expect nonfarm payrolls to rise by 59,000. Airline shares slipped in premarket trading, while Occidental Petroleum gained.
March 6, 2026
Ampol Limited Faces Fresh Scrutiny as ACCC Warns on Petrol Pricing, EG Australia Decision Nears

Ampol Limited Faces Fresh Scrutiny as ACCC Warns on Petrol Pricing, EG Australia Decision Nears

Ampol’s proposed takeover of EG Australia faces continued ACCC scrutiny as fuel prices surge amid Middle East tensions. Brent crude jumped 16.4% for the week, and the ACCC warned it may act if companies mislead consumers. Queensland retailers raised prices sharply, prompting an RACQ referral. The ACCC’s final decision on the merger is due by June 5.
March 6, 2026
Mineral Resources share price slips after CSI record update runs into oil shock, rate-hike jitters

Mineral Resources share price slips after CSI record update runs into oil shock, rate-hike jitters

Mineral Resources shares closed 0.6% lower at A$55.71 in Sydney after trading between A$54.83 and A$57.56. The company reported record first-half volumes and a 29% jump in Mining Services EBITDA to $488 million. The stock remains volatile, having dropped 6.1% in the previous session. Investors are watching oil prices and rate expectations ahead of the RBA’s March meeting.
March 4, 2026
India stock market today: Holi shuts NSE/BSE, oil shock keeps Nifty and Sensex on edge

India stock market today: Holi shuts NSE/BSE, oil shock keeps Nifty and Sensex on edge

India’s stock markets were closed Tuesday for Holi after the Nifty 50 and Sensex fell sharply Monday on surging oil prices tied to Middle East conflict. The rupee slid 0.5% to 91.47 per dollar, its weakest in a month, as the Reserve Bank of India likely intervened. Bond yields are expected to stay volatile; February services PMI data is due Wednesday. Indian firms cut gas supplies after Qatar halted LNG production.
March 3, 2026
Dow Jones today: Dow slides more than 800 points as Strait of Hormuz fears jolt oil and rate-cut bets

Dow Jones today: Dow slides more than 800 points as Strait of Hormuz fears jolt oil and rate-cut bets

The Dow Jones Industrial Average dropped 1.7% Tuesday morning as oil prices surged 8% following Iranian threats to close the Strait of Hormuz. Brent crude hit $83.81 a barrel, raising inflation fears and dampening expectations for Federal Reserve rate cuts. Travel and materials stocks fell, while Target rose and MongoDB plunged 27% after weak guidance. Blackstone shares also declined on rising fund outflows.
March 3, 2026
Heating Oil price surges to two-year high as Hormuz disruption hits diesel supply

Heating Oil price surges to two-year high as Hormuz disruption hits diesel supply

NYMEX heating oil futures surged nearly 14% to a two-year high Monday after Middle East strikes and retaliation disrupted shipping near the Strait of Hormuz. About 150 ships were stranded and at least three vessels struck, according to Reuters. Diesel outpaced crude gains, with front-month ULSD up 36 cents at $2.9561 a gallon. Traders await Wednesday’s U.S. fuel inventory report.
March 2, 2026
BSE Sensex weekly drop after 961-point Friday fall: GDP, oil and IT jitters to drive Monday trade

BSE Sensex weekly drop after 961-point Friday fall: GDP, oil and IT jitters to drive Monday trade

The Sensex fell 1.84% last week to 81,287.19, with autos and financials leading declines as foreign investors sold 34.66 billion rupees of equities Thursday. India’s GDP grew 7.8% in October-December, slowing from the previous quarter, and the rupee posted its first monthly gain since April 2025. Brent crude closed at $72.48 a barrel, with Barclays warning of a possible rise if U.S.-Iran tensions escalate.
February 28, 2026
Gasoline prices tick up again: UGA climbs as fuel futures firm and summer-blend season starts

Gasoline prices tick up again: UGA climbs as fuel futures firm and summer-blend season starts

The United States Gasoline Fund rose 0.75% to $72.36 as NYMEX RBOB gasoline futures climbed 1.32% to $2.2834 a gallon. U.S. gasoline inventories fell by 1 million barrels last week, while refinery utilization slipped to 88.6%, EIA data showed. The national average for regular gasoline reached $2.982 a gallon, up from a week ago, according to AAA. Traders await the EIA’s next inventory report on March 4.
February 27, 2026
Bank of America stock drops nearly 5% as hot inflation data rattles banks — what to watch next

Bank of America stock drops nearly 5% as hot inflation data rattles banks — what to watch next

Bank of America shares dropped 4.6% to $49.90 by midday Friday as U.S. bank stocks slid, with Wells Fargo and Citigroup also down sharply. A hotter-than-expected January producer price index reading led investors to scale back near-term Fed rate-cut bets. The 10-year Treasury yield slipped below 4%. Focus turns to March inflation data and the Federal Reserve’s March 18 policy decision.
February 27, 2026
US economic calendar today: Wall Street climbs as Nvidia looms and oil data jars energy

US economic calendar today: Wall Street climbs as Nvidia looms and oil data jars energy

U.S. stocks climbed Wednesday, with the S&P 500 up 0.67% and the Nasdaq 1.07% at midday as Nvidia rose 2.2% ahead of its earnings. U.S. crude inventories jumped by 16 million barrels, sending oil prices lower. Axon Enterprise shares surged after strong earnings, while Workday fell on weak forecasts and job cuts. The Treasury auctioned five-year notes, with settlement set for March 2.
February 25, 2026
Gasoline prices near $3 as RBOB futures rise after surprise U.S. inventory data

Gasoline prices near $3 as RBOB futures rise after surprise U.S. inventory data

U.S. gasoline futures rose 1.5 cents to $2.245 a gallon Wednesday after government data showed gasoline inventories fell by 1 million barrels last week. Crude stockpiles jumped by 16 million barrels to 435.8 million, far exceeding analyst forecasts. The national average for regular gasoline stood at $2.975 a gallon, according to AAA. Oil futures slipped as traders focused on the large crude build and a record EIA adjustment factor.
February 25, 2026
Merval’s next test: Milei labor reform vote and fresh INDEC data loom for Buenos Aires stocks

Merval’s next test: Milei labor reform vote and fresh INDEC data loom for Buenos Aires stocks

Argentina’s S&P Merval index closed Friday up 1.2% at 2,873,248.32, rising 2% for the week as investors watched a Senate vote on President Javier Milei’s labor reform bill. The bill, which eases hiring rules and lowers severance pay, is expected to face a final Senate vote next week. Key economic data on activity and retail sales are due Tuesday and Wednesday. The market reopens Monday at 10:30 a.m. local time.
February 22, 2026