Friday started in decent moods after strong earnings from US tech stocks but ends in an uncontrolled panic, especially in Europe where stocks tank between 2 and 2.5%. Investors are faced with virus uncertainty and the data released today (GDP contraction in France and Italy, Chicago PMI lowest in 4 years) shows that the economy has been struggling even before the virus impact. DE30 sees the worst sell-off since early December and is just a notch above the key support zone of 12900 points. We warned few days ago that a false break-out looked similar to the one from July and this is the scenario that seems to be unfolding now.

Market Wrap: Europe attempts rebound amid hopes of restoring traffic in Hormuz 🚢
Chart of the day: CHN.cash soars 1.5% on exports and AI demand 🇨🇳 🚀 (16.03.2026)
Morning wrap (16.03.2026)
Daily summary: Week ends with Brent at 100$ and indices in the red