Markets in Q1: Everything everywhere all at once

Near US$10 trillion wipeout for global equities after the eruption of war in Iran triggered a record jump in oil prices and major losses in bond markets. The shock is driving higher yields and elevated volatility, prompting a pronounced risk-off move across markets.

Analysis

Near US$10 trillion wipeout for global equities after the eruption of war in Iran triggered a record jump in oil prices and major losses in bond markets. The shock is driving higher yields and elevated volatility, prompting a pronounced risk-off move across markets.