{"id":30146,"date":"2026-03-05T00:44:01","date_gmt":"2026-03-04T19:44:01","guid":{"rendered":"https:\/\/news.iq\/?p=30146"},"modified":"2026-03-05T00:44:01","modified_gmt":"2026-03-04T19:44:01","slug":"global-markets-update-oil-adidas-energy","status":"publish","type":"post","link":"https:\/\/news.iq\/en\/global-markets-update-oil-adidas-energy\/","title":{"rendered":"Global markets update as oil concerns ease and Europe faces corporate pressure"},"content":{"rendered":"<p>The global markets update on Wednesday showed mixed movements across key financial centers as investors reacted to easing oil price concerns, disappointing corporate forecasts in Europe, and continued geopolitical uncertainty. The global markets update comes at a time of rising tensions linked to the Iran war and shifting US economic policies.<br \/>\nWhile Wall Street recovered part of its earlier losses, European equities fell sharply following a weaker profit outlook from Adidas, and Hungary pressed Russia to maintain stable energy prices despite global disruption.<\/p>\n<h2>US markets rise as oil worries stabilize<\/h2>\n<p>US stocks edged higher early Wednesday after a day of losses, supported by signs that oil prices may stabilize following Washington\u2019s latest military posture in the Strait of Hormuz.<br \/>\nPresident Donald Trump instructed the US Navy to ensure secure passage for oil tankers in the strategic waterway where traffic dropped significantly due to the ongoing US Israeli siege on Iran. The move eased some market anxiety over supply disruptions that had pushed oil prices upward.<\/p>\n<h3>S&amp;P 500 and Nasdaq gain<\/h3>\n<p>Around ten minutes into trading:<br \/>\n\u2022 The Dow Jones slipped 0.2 percent to 48,428.69<br \/>\n\u2022 The S&amp;P 500 rose 0.1 percent to 6,820.91<br \/>\n\u2022 The Nasdaq Composite climbed 0.4 percent to 22,594.55<\/p>\n<p>Analysts said markets appeared to be regaining confidence. CFRA Research\u2019s Sam Stovall noted that investors were \u201cshaking off some of the uncertainty surrounding Iran.\u201d<\/p>\n<h3>Positive US employment data<\/h3>\n<p>Private employers added 63,000 jobs in February, beating the projection of 48,000 according to ADP payroll data.<br \/>\nOxford Economics said the results reflected an ongoing improvement in the labor market since late last year.<br \/>\nHowever the firm warned that geopolitical tensions and shifting tariff policies could weaken business confidence especially among small companies.<\/p>\n<h2>Adidas shares fall after weak 2026 profit forecast<\/h2>\n<p>In Germany, Adidas experienced a sharp market downturn after the company projected lower-than-expected profits for 2026 and cited major financial pressures tied to US tariffs and exchange rate volatility.<\/p>\n<h3>Tariffs and currency shifts weigh on European manufacturers<\/h3>\n<p>The sportswear company said it expects operating profit of 2.3 billion euros in 2026 but warned of a 400 million euro hit driven by US tariffs and the stronger euro.<br \/>\nAdidas, which manufactures many products in tariff targeted Asian countries, has been heavily exposed to the trade measures introduced by the Trump administration.<br \/>\nIts shares fell roughly eight percent to around 137 euros on the Frankfurt Stock Exchange.<\/p>\n<h3>Strong 2025 results overshadowed<\/h3>\n<p>Despite the outlook, Adidas posted strong 2025 results:<br \/>\n\u2022 Net income jumped 75 percent to 1.34 billion euros<br \/>\n\u2022 Sales climbed five percent to 24.8 billion euros<br \/>\n\u2022 Both footwear and apparel recorded double digit growth<\/p>\n<p>The company also extended CEO Bjorn Gulden\u2019s contract until 2030 signaling long term confidence in his leadership following the brand\u2019s recovery from its split with Ye (Kanye West) in 2023.<\/p>\n<h2>Hungary urges Russia to maintain fixed energy prices<\/h2>\n<p>Amid rising global energy costs fueled by the Iran war, Hungary called on Russia to keep oil and gas supplies unchanged in price and volume.<\/p>\n<h3>Budapest seeks guarantees from Moscow<\/h3>\n<p>Hungarian Foreign Minister Peter Szijjarto said during a visit to Moscow that he sought \u201cguarantees\u201d that Russia would maintain its commitments.<br \/>\nHungary remains one of the European Union states that continues close energy and political ties with Moscow despite the Russian invasion of Ukraine.<br \/>\nSzijjarto emphasized the importance of stable pricing for Hungary\u2019s domestic energy security.<\/p>\n<h2>Conclusion:<\/h2>\n<p>Markets on both sides of the Atlantic continue to respond to policy shifts, corporate performance, and widening geopolitical tensions. Investors remain alert to developments in the Iran war and global tariff policies which are shaping economic outlooks for 2026.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The global markets update on Wednesday showed mixed movements across key financial centers as investors reacted to easing oil price concerns, disappointing corporate forecasts in Europe, and continued geopolitical uncertainty. The global markets update comes at a time of rising tensions linked to the Iran war and shifting US economic policies. While Wall Street recovered [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":30148,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_sitemap_exclude":false,"_sitemap_priority":"","_sitemap_frequency":"","jnews-multi-image_gallery":[],"jnews_single_post":{"subtitle":"","format":"standard","override":[{"template":"7","parallax":"1","fullscreen":"1","layout":"left-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"topbottom","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"1","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"0","post_reading_time_wpm":"300","post_calculate_word_method":"str_word_count","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"1","show_comment_section":"1","number_popup_post":"1","show_author_box":"1","show_post_related":"0","show_inline_post_related":"0"}],"image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post_position":"meta","trending_post_label":"Trending","sponsored_post_label":"Sponsored by","disable_ad":"0"},"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":{"view_counter_number":"0","share_counter_number":"0","like_counter_number":"0","dislike_counter_number":"0"},"jnews_post_split":{"post_split":[{"template":"1","tag":"h2","numbering":"asc","mode":"normal","first":"0","enable_toc":"0","toc_type":"normal"}]},"footnotes":""},"categories":[3002],"tags":[],"class_list":["post-30146","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-special-coverage-iran"],"_links":{"self":[{"href":"https:\/\/news.iq\/en\/wp-json\/wp\/v2\/posts\/30146","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/news.iq\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.iq\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.iq\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/news.iq\/en\/wp-json\/wp\/v2\/comments?post=30146"}],"version-history":[{"count":0,"href":"https:\/\/news.iq\/en\/wp-json\/wp\/v2\/posts\/30146\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.iq\/en\/wp-json\/wp\/v2\/media\/30148"}],"wp:attachment":[{"href":"https:\/\/news.iq\/en\/wp-json\/wp\/v2\/media?parent=30146"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.iq\/en\/wp-json\/wp\/v2\/categories?post=30146"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.iq\/en\/wp-json\/wp\/v2\/tags?post=30146"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}