With Juan Van Deventer

March was a more difficult month for markets, with investors becoming increasingly nervous about higher oil prices, inflation and growing tensions in the Middle East. Share markets around the world moved lower as uncertainty increased.
In Australia, the ASX 200 declined during the month as higher interest rates and rising energy prices weighed on investor confidence.
In the U.S., markets were also weaker, with technology shares pulling back as investors worried inflation could stay higher for longer.
What Moved the Markets – Australia
- Oil prices surged during March, increasing inflation concerns.
- Higher fuel and energy costs placed pressure on households and businesses.
- Interest rate expectations remained elevated as inflation stayed stubbornly high.
- Bond yields moved higher, creating pressure on growth assets.
- Share market volatility increased as investors became more cautious.
What Moved the Markets – U.S. & Global
- Middle East tensions escalated and disrupted energy markets.
- Oil prices recorded one of their strongest monthly increases in years.
- Inflation concerns reduced expectations for interest rate cuts.
- Global share markets declined as investors moved away from risk assets.
- Despite weaker markets, company earnings generally remained stable.
Commodities & Defensive Assets
Oil: Prices surged sharply during March as supply concerns increased.
Gold: Prices moved higher as investors looked for safer assets during market volatility.
Silver: Remained volatile, moving with both economic growth expectations and precious metal demand.
Market Snapshot – March 2026
| Market | General Move | What Happened |
| ASX 200 | Down | Higher Rates and Inflation Concerns |
| S & P 500 (US) | Down | Geopolitical Tensions and Inflation Fears |
| Oil (Brent) | Up Strongly | Middle East Supply Distruptions |
| Gold | Up | Safe-haven demand increased |
| Australian Bonds | Weaker | Bond yields moved higher |
WARNINGS, DISCLOSURES & DISCLAIMERS
While every care has been taken in the preparation of this article, Soundbridge Pty Ltd (ABN 40 151 134 146) and AFTA Pty Ltd (ABN 18 624 984 550, AFSL 507423) makes no representations or warranties as to the accuracy or completeness of any statement in it including, without limitation, any forecasts.
The information and any advice provided in this document is general and has been prepared without taking into account your objectives, financial situation or needs, and might not be appropriate to your situation. Because of that, you should, before acting on the advice, consider the appropriateness of the advice, having regard to those things. Past performance is not a reliable indicator of future performance. AFTA Pty Ltd does not warrant that future forecasts are guaranteed to occur.
The information in this document reflects our understanding of existing legislation, proposed legislation, rulings etc as at the date of issue. In some cases, the information has been provided to us by third parties. While it is believed the information is accurate and reliable, this is not guaranteed in any way. Opinions constitute our judgement at the time of issue and are subject to change. Neither the Licensee nor their employees or directors give any warranty of accuracy, nor accept any responsibility for errors or omissions in this document.
Soundbridge Pty Ltd (ABN 40 151 134 146) is a representative of AFTA Pty Ltd (ABN 18 624 984 550), Australian Financial Services License (507423), Registered office at 166 Quay Street, Rockhampton QLD 4700. Any advice on this website is of a general nature only and has not been tailored to your personal circumstances. Please seek personal advice prior to acting on this information.
