That provided some relief to traders and pared a rally in prices Tuesday. "Asian equities are now staring at a third consecutive day of losses and the reason is not mysterious," wrote Stephen Innes at SPI Asset Management. "When crude edges higher, the invoice lands hardest in Asia, where imported energy is not just a line item but a structural dependency. The prospect of energy costs spiking has hammered hopes for any more central bank interest rate cuts as officials were already concerned about still-elevated inflation. Analysts said the Federal Reserve, European Central Bank and Asian central banks would likely delay interest rate cuts but the Bank of England as well those in parts of Latin America and Central Europe could be forced to hike.

Source: Bangladesh Sangbad Sangstha March 04, 2026 03:51 UTC