Today’s Outlook :

 

• US MARKET : U.S. stocks closed lower on Friday due to a combination of weaker-than-expected labor market data and a sharp rise in oil prices that pressured investor sentiment. The S&P 500 fell 1.4% to 6,738.15, the NASDAQ Composite declined 1.6% to 22,387.68, and the Dow Jones Industrial Average dropped 1% to 47,501.55. Throughout the week, the market also posted negative performance since the Iran conflict broke out, with the S&P 500 down 2% (its worst since October last year), the Nasdaq down 1.2%, and the Dow falling 3.1%.

 

 

Market pressure was mainly triggered by the escalation of the Middle East conflict after the U.S. and Israel launched attacks on Iran, increasing concerns about disruptions to oil supply from major producing regions. The surge in energy prices has heightened inflation risks, with gasoline prices in the U.S. rising about 27 cents to US$3.25 per gallon. This condition has the potential to pressure corporate margins, reduce consumer purchasing power, and complicate the Federal Reserve’s efforts to control inflation.

 

 

From the economic side, the February nonfarm payrolls report showed a negative surprise with a loss of around 92 thousand jobs, contrary to expectations of an addition of 58 thousand. The unemployment rate rose to 4.4%. Previous data were also revised lower, with January job growth revised to 126 thousand and December 2025 revised from an increase of 48 thousand to a decline of 17 thousand, adding uncertainty to the Federal Reserve’s interest rate policy.

 

 

 

• EUROPEAN MARKET : European stocks extended their decline on Friday after briefly strengthening earlier in the session, as market sentiment remained fragile due to weak U.S. employment data and the intensifying Middle East conflict. Germany’s DAX fell 1.1%, France’s CAC 40 declined 0.7%, the U.K.’s FTSE 100 dropped 1.2%, while the Stoxx 600 index fell 1.1%. On a weekly basis, the main European indices are heading for their largest decline since April last year. Meanwhile, another ECB policymaker, Francois Villeroy de Galhau, stated there is currently no reason to raise interest rates.

 

 

 

•  ASIAN MARKET : Asian stocks moved mixed on Friday but remained on track for sharp weekly losses, pressured by the escalation of the Middle East conflict and the surge in oil prices that weakened investor sentiment. U.S. stock futures also moved relatively flat during the Asian session after Wall Street indices declined in the previous trading session.

 

 

The surge in oil prices has put significant pressure on stock markets and currencies in Asia, especially for energy-importing countries such as South Korea. South Korea’s KOSPI fell 1% and was on track for a nearly 12% weekly decline. Japan’s Nikkei 225 rose slightly by 0.6%, but was still heading for a weekly drop of around 6%

 

 

In China, the Shanghai Composite and CSI 300 indices were expected to fall more than 1% this week. Hong Kong’s Hang Seng rose around 2% on Friday, but still recorded a potential weekly decline of about 3%.

 

 

• COMMODITIES : Brent crude closed at US$92.69 per barrel, up US$7.28 or 8.52%. Meanwhile, West Texas Intermediate (WTI) crude closed at US$90.90 per barrel, surging US$9.89 or 12.21%. Within a week, WTI prices soared 35.63% and Brent rose around 27%, marking the largest weekly increase since the COVID-19 pandemic in the spring of 2020. This surge occurred after U.S. crude futures rose about 12% on Friday (March 6, 2026), driven by concerns over global energy supply disruptions due to the escalating conflict between the U.S.–Israel alliance and Iran. The tensions increased risks to the world’s main oil distribution routes and triggered a sharp rally in the energy market.

 

 

 

• INDONESIA : The JCI dropped by 1.62% to the level of 7,585.687 at Friday’s close (March 6). This movement was caused by concerns over the ongoing US–Iran war. Investors are advised to stick with commodity sector stocks, which will be the trading theme throughout this year in line with rising prices of oil, gold, and nickel commodities. Always remain cautious with the nearest stop-loss and trailing stop amid this volatility.

 

 

 

 

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