The past three weeks since the start of the US-Israel-Iran war have been quite painful for global markets. Equities, commodities, bonds and currencies have been invariably volatile. Secularly, equities have declined, bonds have cracked as yields spiked. Commodities except crude and natural gas have fallen too. As the dollar strengthened, other major currencies depreciated against it. Here we take stock of the same visually.
Equity indices slide
Sovereign yields firm up
Energy costs more, metals fall
Dollar gains
Auto, Oil & Gas – sectors worst hit
Published on March 21, 2026