New Overnight Developments Abroad - Daily Update
March 12, 2026
Tomorrow will mark just two weeks since the start of the latest Middle Eastern war. At $94.10, the current price of West Texas Intermediate oil is 7.8% higher than yesterday, 45% above its pre-conflict level, and 71% greater than the recent low in December. This movement remains significantly smaller than the near-quadrupling of price that […] More
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New Overnight Developments Abroad - Daily Update
March 11, 2026
Despite Trump’s prediction that the war in Iran is nearly done, Iran still shows no inclination to negotiate. Ships aren’t going through the Strait of Hormuz, and the price of oil has rebounded over 3% to remain well over pre-war levels at more than $86.0 per barrel. The Paris-based International Energy Agency is recommending a […] More
Tags: ECB President Lagarde, German CPI, U.S. CPI
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New Overnight Developments Abroad - Daily Update
March 10, 2026
In these weeks of incredible geopolitical uncertainty, U.S. President Trump’s verbal sound track has emerged as the the dominant short-term determinant of financial market movements. One can only imagine the massive personal wealth that could be amassed from such powerful influence. With fierce Middle East bombing broadening and all signs from Iran suggesting no intention […] More
Tags: Chinese trade balance, German trade and French current account, Japanese GDP, South Korean and South African GDP
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New Overnight Developments Abroad - Daily Update
March 9, 2026
(149) At today’s high, the $119.48 peak in West Texas Intermediate oil had leaped by a total 117% in less than three months and was 84% above its closing level on February 27 just before the start of Operation Epic Fury. The price has settled back to $102.4 per barrel currently, still 37% higher than […] More
Tags: Chinese CPI and PPI, German industrial production and industrial orders, State Bank of Pakistan
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Larry's Blog
March 8, 2026
Let’s give a collective round of applause for the return of daylight savings time! Seeing the sun set at close to 7:00 PM tonight, something that hasn’t happened since the third week in September, will no doubt constitute a vast and most welcome improvement. Winter can be harsh on the senses, and this past one […] More
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Foreign Exchange Insights and Next Week
March 6, 2026
Central Banks: Pakistan, Turkey, Peru and Serbia have scheduled monetary policy reviews during the week. Holiday and Events: The Islamic holy month-long observance of Ramadan continues. The United States and Canada go on daylight savings time this Sunday, which will slice the time differential between GMT and EDT to four hours from five. This is […] More
Tags: Economic Data Calendar
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New Overnight Developments Abroad - Daily Update
March 6, 2026
The military conflict against Iran was supposed to be different from others like those involving Venezuela, Ukraine, Gaza, Iraq, Afghanistan, or to go back 60 years Vietnam. Most importantly, no ground troops would be needed, so U.S. casualties would be way down, and the risks were limited of it becoming endless, causing domestic economic pain, […] More
Tags: Euroland GDP and employment, National Bank of Kazakhstan, U.S. labor situation report and retail sales
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Larry's Blog
March 5, 2026
Whatever the reason, there is a pattern of short-lived retirements of American presidents who presided over the country’s major wars. It starts with James Polk, a one-term president for the four years through March 4, 1849. It was on his watch that the Mexican War was fought between April 1846 and February 1848. As a […] More
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New Overnight Developments Abroad - Daily Update
March 5, 2026
As has often been the case during the Iran war, there has been other equity market reversal between Asia’s and Europe’s trading day. Stock market indices rebounded 9.6% in South Korea, 2.6% in Taiwan, 1.9% in Japan, 1.8% in Indonesia, 1.1% in India, 0.9% in Malaysia and 0.6% in China. However, markets in Germany, Italy, […] More
Tags: Beige Book, Central Bank of Malaysia, Euroland and British construction purchasing manager surveys, Euroland retail sales
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New Overnight Developments Abroad - Daily Update
March 4, 2026
A perfect storm of war, AI, and constantly fluctuating official statements regarding the middle eastern conflict is afoot for an out-of-control rumor mill. There’s been a wide reversal in market momentum during the overnight hours after an unconfirmed report that Iran intelligence officials may be attempting a back-channel communication with the United States to de-escalate […] More
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