News

According to Golden Ten Data on March 9, analysts from BMI, a research institution under Fitch, stated in a report that since most developed economies are net oil importers, oil price shocks may have a widespread drag effect, leading to a decline in real income and subsequently suppressing consumption and investment. They noted that energy-importing countries with current account deficits, such as Italy and Greece, are the most vulnerable. Importing countries with current account surpluses, such as Germany, South Korea, and Japan, also face risks. In contrast, exporting countries with current account surpluses, such as Norway, will benefit from rising energy prices, while Sweden and Ireland have greater fiscal and monetary space to absorb the shock. BMI added that although Canada and Australia have balanced energy accounts but current account deficits, they may still benefit as increased energy export revenues are expected to improve their external balances.

Foresight News reported that Bitget Chinese-speaking representative Xie Jiayin tweeted, "Historically, when energy prices rise rapidly, it is often accompanied by inflation expectations and a re-pricing of global capital. In the past 10 years, every time oil prices experienced a phase increase of over 20%, the correlation between macro assets would significantly increase. Real trading is not about chasing prices, but about understanding cycles. In the more volatile year of 2026, a comprehensive fund account system is more important than ever. Bitget enables cross-asset hedging, multi-market arbitrage, and volatility risk management all within a single account."

Gelonghui, March 9｜Pepperstone Senior Research Strategist Michael Brown stated in a report that recent market trends are exactly the opposite of the goals pursued by U.S. President Trump. Brown said: "I think it must be recognized that almost everything we are currently seeing in the market is contrary to the objectives President Trump has declared." Brown noted that Trump has repeatedly expressed his desire to see oil prices fall, the stock market rise, a weaker dollar, lower interest rates, and a more dovish Federal Reserve. However, what Trump is actually facing now is rising oil prices, a declining stock market, a strengthening dollar, rising interest rates, and a Federal Reserve caught in a "dilemma."