Market Talks covering the impact of U.S. Politics and White House policies on companies and markets. Published exclusively on Dow Jones Newswires throughout the day.
0846 ET - Global government bond yields turn lower, reversing direction after soaring earlier in the day. The reversal follows signals from U.S. President Trump on the prospect of an end the hostilities with Iran. In a Truth Social post, Trump said military strikes against Iranian power plants and infrastructure would be postponed for five days following constructive talks. The 10-year German Bund yield retreated to 2.988%, down 4 basis points on the day, having earlier traded at 3.077%, the highest since 2011, according to LSEG. The 10-year U.S. Treasury yield falls 2.8 basis points to 4.364%, having earlier risen to 4.445%, the highest since July. (emese.bartha@wsj.com)
0843 ET - President Trump's indication that talks with Iran are progressing spurs demand for Treasurys, sending yields and the dollar down, but the initial reaction loses some steam. The 10-year yield is at 4.386%, down from 4.437% before Trump's social media post saying the U.S. and Iran have had "very good and productive conversations." The benchmark yield bottomed at around 4.31% following the post. The WSJ Dollar Index moves similarly and is slightly down from Friday's close. No major data point is on tap for today. (paulo.trevisani@wsj.com; @ptrevisani)
0839 ET - The Swiss franc falls to a three-and-a-half-week low against the euro after news that the U.S. will temporary postpone attacks on Iranian power plants and infrastructures reduces demand for safe-haven assets. President Trump said on his Truth Social platform that the military strikes will be postponed for five days following constructive talks. This is subject to the success of ongoing meetings and discussions, he said. The euro rises to a high of 0.9145 Swiss francs, LSEG data show. The conflict had lowered the euro to 0.8979 francs on March 9, its lowest level since the Swiss National Bank removed its peg for the two currencies in 2015. (renae.dyer@wsj.com)
0830 ET - The Norwegian krone falls to a three-week low against the euro as oil prices turn lower after President Trump announced the U.S. would postpone military strikes against Iranian power plants and infrastructure. In a Truth Social post, Trump said the attacks would be postponed for five days following constructive talks. This is subject to the success of ongoing discussions. Norway is a major oil producer while the eurozone relies heavily on energy imports. The euro rises 2% to a high of 11.2860 krone, according to LSEG. (renae.dyer@wsj.com)
0814 ET - European banks jump following President Trump's Truth Social post announcing a pause in U.S. military attacks against Iranian energy infrastructure. A basket of European banks is 1.6% higher after falling as much as 3.2% earlier in the session. Investment banks with significant exposure to the Middle East climb most sharply. HSBC and Barclays climb 2.8% and 1.9% in London, respectively, while Santander surges 2.8% in Madrid. Trade is volatile following the president's post, with oil prices paring earlier losses as investors weigh the significance of the message and the Iranian response. "While this was the headline investors have been hoping for, the fact that Brent has rebounded back above $100 shows that markets remain sceptical," IG's Chris Beauchamp writes.(josephmichael.stonor@wsj.com)
0749 ET - Shares in European airlines rise following President Trump's latest comments regarding the war in the Middle East. Trump posted on Truth Social that the U.S. and Iran have had "very good and productive conversations regarding a complete and total resolution" of hostilities in the region. Trump has instructed to postpone military strikes against Iranian power plants and energy infrastructure for five days, pending the success of discussions. Wizz Air gains the most, up 4.6%, followed by International Consolidated Airlines Group--which houses Iberia and British Airways--at 4.3%. TUI and Jet2 both climb 3.1%, Air France-KLM rises 2.7%, Ryanair advances 2.3%, easyJet is up 1.9% and Deutsche Lufthansa increases 1.8%. (cristina.gallardo@wsj.com)
0747 ET - European energy stocks trade lower as President Trump postpones further strikes on Iranian power plants and energy infrastructure for five days after "productive" talks. Trump said in a Truth Social post that the U.S. and Iran had "very good and productive conversations regarding a complete and total resolution of our hostilities in the Middle East." Brent Crude falls 7.3% to $103.96 a barrel, while WTI slides 7% to $88.07 a barrel. Energy stocks have risen since the start of the conflict as oil prices jumped amid disruption to energy flows. Shares in Norway's Equinor fall 6.7% after being suspended. In London, BP and Shell both fall 3.8% and Harbour Energy is down 7.6%. Spain's Repsol drops 7% and France's TotalEnergies loses 2.7%. Italy's Eni is down 3.7%. (adam.whittaker@wsj.com)
0745 ET - Yields on U.K. government bonds fall, sharply reversing earlier moves on renewed optimism after President Trump said he would postpone attacks on Iranian power plants. Ten-year gilt yields fall as low as 4.895% following the announcement, down from a nearly 18-year high of 5.116% reached earlier Monday, Tradeweb data show. They last trade down 4 basis points at 4.943% as trade remains volatile. (miriam.mukuru@wsj.com)
0743 ET - Bitcoin rises sharply after U.S. President Trump posted on his Truth Social site that he would postpone military strikes against Iranian power plants and energy infrastructure for five days. This follows productive conversations with Iran over the last two days, which will continue, he said. Crypto currencies gain in line with improved risk appetite, as stocks rise and oil prices fall. Bitcoin is last up 4.2% at $71,050, having earlier fallen to a two-week low of $67,383, LSEG data show. Ether rises 5.3% to $2,164. (jessica.fleetham@wsj.com)
0737 ET - Shares in European luxury companies climb following President Trump's latest comments regarding the war in the Middle East. Trump posted on Truth Social that the U.S. and Iran have had "very good and productive conversations regarding a complete and total resolution" of hostilities in the region. Trump has instructed to postpone military strikes against Iranian power plants and energy infrastructure for five days, pending the success of discussions. Sector bellwether LVMH is up 3.2%, while peers Kering and Hermes trade 5% and 2.4% higher, respectively. Richemont's shares rise more than 5%. Brunello Cucinelli, Burberry and Salvatore Ferragamo jump more than 3%. Danish jeweler Pandora is up 12%, while EssilorLuxottica and Swatch Group climb more than 2%. (andrea.figueras@wsj.com)
0732 ET - The dollar turns lower after President Trump announced that the U.S. will postpone military strikes against Iranian power plants and energy infrastructure following constructive talks between the two countries. The strikes will be postponed for five days subject to the success of ongoing discussions, Trump said on his Truth Social platform. The dollar has strengthened on the back of the conflict due to its safe-haven role and America's position as a net oil exporter as energy prices rise. The DXY dollar index falls 0.2% on the day to an intraday low of 99.128. (renae.dyer@wsj.com)
0729 ET - Oil prices retreat sharply, falling more than 10% in afternoon European trading after President Trump signaled progress in talks with Iran and said the U.S. would postpone strikes against energy infrastructure. Brent crude is down 7.2% to $104.03 a barrel after briefly falling below $100, while WTI slides 7.2% to $88.14 a barrel. In a Truth Social post on Monday, Trump said the U.S. and Iran had "very good and productive conversations" regarding a resolution of hostilities in the Middle East. He also said he instructed the Department of War to postpone previously threatened strikes against Iranian power plants and energy infrastructure for five days, subject to the success of ongoing discussions. (giulia.petroni@wsj.com)
(END) Dow Jones Newswires
March 23, 2026 08:46 ET (12:46 GMT)
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