Global news you need to know before the U.S. stock market opens on Tuesday

Wallstreetcn
2026.03.03 13:52

The three major U.S. stock index futures fell collectively, gold plummeted, silver dropped by 10%, and Brent crude surged past $85.

The U.S.-Iran conflict reignites "inflation concerns," with the probability of a second interest rate cut by the Federal Reserve this year dropping to 50%.

A U.S. envoy disclosed details of the negotiations that broke down before military action against Iran: Iran rejected the "ten years with no uranium enrichment" proposal.

The Eurozone's February CPI rose 1.9% year-on-year, exceeding expectations, while risks from Iran pushed up oil and gas prices, leading to increased market interest rate hike expectations.

Affected by the situation in the Middle East, South Korean stocks recorded their largest single-day drop in 18 months, with Samsung and SK Hynix shares falling about 10%.

Due to the continued disruption of natural gas supplies from Qatar, European natural gas prices briefly rose to 40%.

Saudi Aramco is exploring plans to export oil via the Red Sea to avoid the Strait of Hormuz.

Qatar Energy announced a complete suspension of liquefied natural gas and production of various products including urea, polymers, methanol, and aluminum.

Reports: SK Hynix is exploring new HBM4 packaging technology, aiming for top performance targets against NVIDIA.

Reports: Samsung's Taylor, Texas plant production has been delayed until 2027, which may impact Tesla's AI chip supply.

Amazon's three data centers in the Middle East were attacked by drones, with some services unable to recover in the short term.

The Nikkei 225 index closed down 3.1%, the Shanghai Composite Index closed down 1.43%; the Hang Seng Index closed down 1.12%