Reuters Morning Bid Global stocks take a breather
Mar 5, 2026
Markets held steady while crude oil raced to multi-month highs, sparking talk of supply disruptions from the Middle East. Europe’s energy vulnerability and whether it can avoid a 2022-style shock comes under scrutiny. China’s unusually low GDP target signals deeper structural strain and shifting trade dynamics.
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Markets Moving Headline By Headline
- Global markets are trading headline by headline with extreme intraday volatility.
- Mike Dolan notes rallies and reversals driven by fleeting reports, like brief Iran-US overtures that sparked a multi-market bounce.
Rising Oil Keeps Markets Tense
- Oil is rising to the highest since last June and keeps markets uneasy despite stock calm.
- Mike Dolan highlights production disruptions across the Middle East and failed calming measures like proposed Strait of Hormuz actions.
Production Curtailments Risk Bigger Shortages
- Regional production is already being curtailed with storage risks looming if outages persist.
- Anna Schmansky and Mike Dolan cite halted output in Qatar and Iraq as reasons storage could fill and force production cuts.