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09:42
UBS Global Research has pushed back the timing of the Bank of England's first interest rate cut to April 2026, with a full-year forecast of a 50 basis point cut.
UBS Global Research updated its forecast on March 9, 2026, postponing the Bank of England's (BoE) first rate cut from March to April, and expects rate cuts of 25 basis points (bps) each in April and July, totaling 50 basis points for the year. The previous forecast was for 25 basis points cuts in March and June.
09:40
Before the US stock market opens, the Dow Jones drops 0.78%, Alphabet (GOOGL) falls 1.01%.
According to ChainCatcher, based on market data from a certain exchange, the three major U.S. stock indices generally declined in pre-market trading, with the Nasdaq down 0.76%, the Dow Jones down 0.78%, and the S&P 500 down 0.66%.
09:35
Eurozone March investor confidence index turns negative as Middle East conflict casts a shadow over recovery prospects
Golden Ten Data reported on March 9 that a survey on Monday showed the Sentix index, which measures investor confidence in the eurozone, fell from 4.2 in the previous month to -3.1 in March, reflecting the initial impact of the US and Israel's war with Iran on energy infrastructure and global shipping routes. Sentix stated that this is "the first sign of the economic situation after the outbreak of the Iran war," and noted that this decline ends three consecutive months of improvement. Sentix added: "This casts considerable doubt on the EU's recent recovery momentum. Energy price shocks and geopolitical risks are undermining the previous optimism about the eurozone's economic growth." The survey also showed declines in both economic expectations and current situation assessments. The expectations index dropped from 15.8 last month to 3.5, while the index measuring current conditions also fell from -6.8 in February to -9.5. The index for Germany, the largest economy in Europe, fell from -6.9 in February to -12.1.
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