Daily Market Report – March 5, 2026
Thursday, March 5, 2026,
was dominated in the markets by the war between the USA/Israel and Iran – and thus the energy issue. Brent (BRN1!) temporarily jumped by over three percent to around $84, while WTI (CL1!) surged by about six percent towards $79: Traders are pricing in supply and transportation risks in the Middle East, including concerns that shipping traffic through the Strait of Hormuz could be further disrupted.
The immediate consequence: Inflation risks are returning – and with them the pressure on bond markets. In the USA, the yield on the 10-year Treasuries US10Y rose again above 4.1%, while the Dollar Index DXY increased and the Euro EURUSD weakened. Higher energy prices dampen hopes for imminent interest rate cuts.
In the stock market, two movements stood out: In Seoul, there was a rebound following the historic sell-off. Samsung Electronics 005930.KS and SK Hynix 000660.KS each surged by around 11%. The trigger was less a new corporate announcement than the combination of bargain hunting and government stabilization measures following the shock over Korea's energy dependence; the government explicitly promised measures to calm the markets.
In the USA, attention turned to the AI supply chain and the question of who benefits from the investment boom: Broadcom AVGO gained significantly after reporting numbers and an aggressive outlook, as management projected AI chip revenues of over $100 billion in the coming years. Booking BKNG also rose sharply (around +8%) after a report alleviated fears of disintermediation in online travel platforms. Salesforce CRM, Intuit INTU, and ServiceNow NOW recovered - after weeks in which fears of AI disruption had pressured valuations.