European Markets Wrap-Up: US Central Command confirms strikes on Iranian missile and drone launch sites

Tuesday, 03 Mar, 2026 News US Central Command confirms strikes on Iranian missile and drone launch sites The latest update from the US Central Command: "US forces have destroyed Islamic Revolutionary Guard Corps command and control facilities, Iranian air defense capabilities, missile and drone launch si Forex SNB might have stepped in yesterday to limit Swiss franc advance - Credit Agricole The firm argues that but for plausible intervention by the SNB yesterday, the Swiss franc would've recorded better gains in reaction to the US-Iran conflict thus far. The key line in the sand that the Learn more Cryptocurrency Bitcoin analysis today shows breakout pauses near 69K as short-term pressure builds It's been a challenge for traders and investors seeking a 'back to risk-on sentiment' vibe with all the action around. The market landscape remains highly sensitive to headlines, as evidenced by repor Commodities Gold and silver find renewed bids in Asia but sellers quickly arrive Gold jumped at the weekly open due to uncertainty around the Iran war but that quickly gave way to profit taking and it sagged down to $5300. Then a second and third wave of bids arrived in Europe and News Trump says he doesn't think boots on the ground will be necessary in Iran The market is trying to suss out what the plan is for Iran. Yesterday there was an interview with John Bolton that emphasized that Trump is impulsive and likes to improvise. Trump himself also outline News Australian January building approvals -7.2% m/m vs +5.0% expected Expected was +5.0% (some at 5.5%) Prior was -14.9% Private house approvals +1.1% vs +0.4% prior Building approvals +8.7% y/y vs +13.3% prior This is a sharp two-month drop in construction activity but News Japan January unemployment rate 2.7% vs 2.6% prior Prior was 2.6% Jobs-to-applicants ratio 1.18 vs 1.19 expected Prior ratio 1.19 Japan's unemployment rate held at 2.6% for four consecutive months through December, up from 2.4% in June and a cycle low Technical Analysis After the first day of trading the Iran war, bonds are the big surprise When I survey the scene in markets after one day of post-Iran war trading, there isn't much surprising given the news. Naturally, oil rallied and the 8% climb is about what I would have expected given Learn more News New Zealand January building consents +1.9% vs -4.6% prior New Zealand building consents rose 1.9% on a seasonally adjusted basis in January, clawing back some of December's 4.5% decline. The monthly number is fine but the real story here is in the annual fig

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