Eamonn Sheridan

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Stock market update
us equity index futures slammed trump tariffs 23 February 2026 chart update
Stock market update

US equities are dropping, hard, in Sunday evening trade

  • Tariff debacle news the ongoing catalyst
News
ft iran russia manpads 23 February 2026
News

Weekend: FT report that Iran sign €500m deal with Russia for advanced air-defence missiles

  • While deliveries are years away, confirmation of expanded Russia-Iran defence cooperation could reinforce geopolitical risk premia, particularly in energy markets. The deal may complicate Western diplomatic efforts and sanctions frameworks. Near-term oil reaction would depend more on immediate escalation risk than on long-dated arms transfers, but headline sensitivity remains high.
Forex
EUR/USD update chart trump 15 percent tariff
Forex

USD trading lower across major FX

  • EUR, GBP, JPY, CAD, AUD, NZD and gold all higher against the hapless US dollar
Commodities
Gap lower open for oil 23 February 2026
Commodities

Globex is open for the week - oil eases in early trade as Iran talks offset conflict risk

  • Oil remains highly headline-driven. Escalation toward military action would likely push crude sharply higher and lift energy equities, while boosting inflation expectations. Conversely, visible diplomatic progress in Geneva could unwind part of the geopolitical premium. Rising tariff risks present a slower-burning bearish force, as weaker global trade and industrial output would weigh on medium-term demand forecasts.
Central Banks
pboc People's Bank of China china
Central Banks

The People's Bank of China set its Loan Prime Rates (LPRs) today - no change is expected.

  • China returns from its week long Spring Break / Lunar New Year today,
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