Crypto markets are back in the red this Monday morning in Asia as fear, uncertainty, and doubt return to the space.
Additionally, US stock market futures have fallen at the open as markets react to President Trump’s “48-hour deadline” for Iran to open the Strait of Hormuz.
The week ahead includes key inflation and labor market data releases, and there is now discussion of potential interest rate increases amid the threat of higher inflation stemming from the oil crisis and fuel shortages.
WTI crude had fallen back below $100 at the time of writing, but Brent crude was still around $112 per barrel.
Economic Events March 23 to 27
The purchasing managers’ survey (PMI) for March is out on Wednesday, providing a key gauge of how the ongoing war has impacted sentiment and business activity.
“This is significant because it’s one of the first economic indicators we’ll get that cover the period since the conflict began,” Deutsche Bank economists said in a note, according to the
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