Bitget UEX Daily Report | Oil prices briefly broke $110; U.S. stock futures fell across the board; Iran's new leader took office (March 9, 2026)

# 1. Hot News

Federal Reserve Dynamics

U.S. retail gasoline prices may exceed $4, inflation will rise significantly The surge in oil prices has led to an increase in gasoline prices, which may trigger intensified inflationary pressures.

• The national average gasoline price reached $3.45 on Sunday, a 16% increase week-on-week.
• Analysts expect it to rise to $4, which alone could push the CPI up by 0.3-0.5 percentage points year-on-year.
• Coupled with the chain reactions from diesel, food, and other sectors, the Federal Reserve faces a more severe stagflation challenge, which may delay interest rate cuts and affect overall asset pricing.

International Commodities

Multiple major oil-producing countries cut production, WTI and Brent crude both surge above $100 The conflict in Iran has led oil-producing countries to reduce output, causing oil prices to soar past critical thresholds.

• WTI crude oil surged over 21%, breaking $111 per barrel, the highest since July 2022.
• Brent crude oil rose over 15%.
• Countries like the UAE, Kuwait, and Iraq have initiated production cuts, and disruptions in the Strait of Hormuz have exacerbated supply tightness. This move disrupts the global energy supply chain, raises energy costs, and may amplify inflation risks while suppressing economic growth.

Trump responds to soaring oil prices: Short-term increases in oil prices are worth paying for safety and peace; prices will quickly drop after threats are eliminated.

• Emphasized that this cost is negligible for the U.S. and the world.
• Only fools would hold an opposing view.
• Escalation of conflict may further stimulate oil prices, heightening market sensitivity to geopolitical risks, benefiting safe-haven assets.

Macroeconomic Policy

Insiders: The Trump administration plans to reach an economic agreement with Cuba The Trump administration intends to sign an economic agreement with Cuba, easing several restrictions to improve bilateral relations.

• This includes easing travel restrictions for Americans to Havana, providing an exit mechanism for President Díaz-Canel, and allowing the Castro family to remain on the island.
• The agreement involves transactions in ports, energy, and tourism, with considerations to lift some sanctions.
• Trump is leveraging unique bargaining chips to push for the agreement, which may reshape the regional economic landscape and boost related trade and investment opportunities.

Khamenei's son Mojtaba elected as Iran's new Supreme Leader The Iranian Assembly of Experts has selected Mojtaba Khamenei as the new Supreme Leader, controlling significant affairs and armed forces.

• Born in 1969, he is the second son of the late leader Ali Khamenei.
• Trump stated that without his approval, the new leader "won't be in power for long."
• This transition increases geopolitical uncertainty and may impact Middle Eastern stability and global energy market volatility.

U.S. officials express "What the hell," U.S.-Israel diverge on striking Iranian oil facilities Israel's attack on Iranian fuel depots exceeded U.S. expectations, leading to the first significant divergence between the U.S. and Israel.

• Israel attacked 30 fuel depots on Saturday; the U.S. was notified in advance but was shocked by the scale.
• The U.S. is concerned that attacking infrastructure could backfire, raising oil prices and uniting the Iranian populace.
• The divergence highlights the challenges of ally coordination, which may ease conflict escalation but amplify market panic in the short term.

The second plenary session of the Fourth Session of the 14th National People's Congress will be held this morning The National People's Congress of China convenes its second plenary session to hear reports from the Standing Committee and the "two high" work reports.

• The session will take place at 9 a.m. at the Great Hall of the People, followed by a "ministerial channel" interview.
• The meeting focuses on policy direction and may signal economic stimulus.
• As a key annual event, it could impact confidence in Asian markets and cross-border investment flows.

# 2. Market Review

Commodity & Forex Performance

• Spot Gold: Down 2.46%, at $5062.10 per ounce, marking two consecutive days of decline, pressured by a stronger dollar.
• Spot Silver: Down 3.62%, at $81.83 per ounce, with weak industrial demand exacerbating the decline.
• WTI Crude Oil: Up over 21%, briefly breaking $111 per barrel, driven by supply concerns from geopolitical conflicts.
• Brent Crude Oil: Up over 15%, briefly surpassing $110, dominated by supply disruptions and production cuts.
• Dollar Index: Up 0.69%, briefly exceeding 99.6, currently at 99.533, maintaining a strong performance.

According to Jin10, as supply disruptions caused by the Iranian conflict lead to skyrocketing prices of crude oil and other commodities (including natural gas, metals, and agricultural products), traders are flocking to the options market. With producers, airlines, and utility companies engaging in unprecedented hedging, the implied volatility of crude oil has surged to extremely rare levels, while the implied volatility of European natural gas has reached a new high for 2023. The CME reported that its energy sector set a record for single-day trading volume of over 8 million contracts last Friday. Rebecca Babin, a senior energy trader at CIBC Private Wealth Group, stated, "This is clearly one of the biggest volatility events in the past 20 years."

The Strait of Hormuz, which typically carries about one-fifth of the world's crude oil shipping volume, is currently nearly at a standstill. WTI crude oil surged 12% last Friday, marking the largest single-week increase of 35% in history. On Monday, oil prices surged to $100. The UAE and Kuwait have begun to reduce crude oil production, exacerbating the supply crisis. Disruptions in liquefied natural gas transport in the Middle East and soaring prices have also had a ripple effect on metal and fertilizer producers. The U.S. agricultural market is also feeling the shockwave. Options traders are betting that due to rising fuel prices and fertilizer supply disruptions, already high corn prices will continue to break upward.

Cryptocurrency Performance

• BTC: Down 1.19% in 24H, at $66,508, continuing to correct, dragged down by macro risk sentiment.
• ETH: Down 0.62% in 24H, at $1,955.72, with weakened network activity facing key support levels.
• Total Cryptocurrency Market Cap: Down 1.2% in 24H, total market cap at $2.35 trillion, dominated by geopolitical tensions and oil price fluctuations.
• Market Liquidation Situation: Total liquidation amount of $341 million in 24H, with long positions liquidated at $234 million and short positions at $107 million.

• Bitget BTC/USDT Liquidation Map: Current price around $66,424, with concentrated long liquidations near $65,000--$66,000; if it breaks below, it may trigger a chain reaction of long liquidations, accelerating the decline. The upper range of $68,000--$69,000 faces significant short liquidation pressure; if the price rebounds and breaks through, it may trigger a short squeeze and push the market up rapidly.
• BTC Inflow/Outflow: Yesterday, BTC inflow was $2.045 billion, outflow was $2.079 billion, with a net outflow of $120 million.

U.S. Stock Index Performance

As of last Friday's close:

• Dow Jones: Down 0.95%, closing at 47,501.55, under pressure due to stagflation concerns.
• S&P 500: Down 1.33%, closing at 6,740.02, dragged down by technology and financial sectors, with market sentiment low.
• Nasdaq: Down 1.59%, led by chip stocks, closing at 22,387.68, driven by cooling non-farm employment and Middle Eastern conflicts.

Goldman Sachs pointed out that U.S. stocks are under pressure from stagflation concerns, but tech giants remain resilient, expecting the S&P 500 to rebound to 5,300 points in the short term.

Tech Giants Dynamics

• Apple: Down over 1%, at a certain price, affected by overall weakness in tech stocks, mainly due to stagflation concerns suppressing consumer expectations.
• Amazon: Down nearly 3%, at a certain price, with slowing e-commerce demand and rising supply chain costs.
• NVIDIA: Down over 3%, at a certain price, with intensified fluctuations in chip demand, affected by rising energy prices.
• Tesla: Down over 2%, at a certain price, with risks of disruptions in the electric vehicle supply chain becoming prominent.
• Meta: Down over 2%, at a certain price, with advertising revenue prospects impacted by economic uncertainty.
• Google: Down nearly 1%, at a certain price, with slowing growth in cloud services.
• Broadcom: Down nearly 1%, at a certain price, with weak semiconductor demand. The core reasons for the overall rise and fall: a sharp cooling in non-farm employment and the Middle Eastern conflict pushing up oil prices, exacerbating stagflation concerns, putting pressure on tech stock valuations.

Sector Movement Observation

Financial Sector down over 2%

• Representative stocks: BlackRock, down over 7%; Blackstone, KKR, down over 4%.
• Driving factors: Turmoil in the private credit market, allegations of fraud leading to the collapse of UK private equity MFS, and exposure of over £2 billion in risks by major banks like Barclays, raising concerns about credit tightening.

Oil and Gas Exploration and Production Sector broadly up

• Representative stocks: Trio Petroleum, up over 21%; Battalion Oil, up nearly 18%.
• Driving factors: The Iranian conflict leading to production cuts by oil-producing countries, with soaring oil prices stimulating exploration demand and amplifying the sector's attractiveness.

Aerospace and Defense Sector mixed performance

• Representative stocks: Boeing, AeroVironment, up over 4%; Raytheon Technologies, up nearly 3%.
• Driving factors: Trump plans to meet with executives of Pentagon contractors, with the Middle Eastern conflict increasing defense demand, but rising oil prices adding to airline costs.

# 3. In-Depth Stock Analysis

1. Marvell Technology - Earnings and Revenue Outlook Exceed Expectations

Event Overview: Marvell Technology's latest financial report shows that Q4 revenue for FY2026 grew over 20% year-on-year, reaching a record $2.22 billion, with adjusted earnings per share of $0.80, slightly above analyst expectations of $2.21 billion and $0.79. Net profit surged 97.9% year-on-year to $396 million. Data center revenue grew 21% to $1.65 billion, exceeding expectations. The company benefits from a surge in AI demand, driving expansion in its chip business, with an optimistic outlook. Market Interpretation: Institutional views are generally positive, with Goldman Sachs and others believing that the earnings beat highlights its competitiveness in the data center sector, maintaining a buy rating. Investment Insight: Under the AI wave, the stock still has upside potential in valuation, suitable for medium to long-term holding.

2. Hims & Hers Health - Novo Nordisk Plans to Sell Weight Loss Drugs on Its Platform

Event Overview: Novo Nordisk plans to sell weight loss drugs on the Hims platform, ending a dispute that escalated to legal action between the two companies. Insiders revealed that the partnership could be announced as early as next week. A similar agreement was terminated last year due to Hims selling generic drugs. This collaboration marks a reconciliation between the two parties, with Hims surging nearly 40% in after-hours trading, reflecting market recognition of growth potential. The platform focuses on telemedicine, with strong demand for weight loss drugs, which could significantly boost revenue. Market Interpretation: Analysts believe this partnership will expand Hims' user base, with Morgan Stanley raising its target price, viewing it as a key turning point in the telemedicine field. Investment Insight: The health tech trend is favorable, and after short-term volatility, it may be worth considering an entry.

3. JD.com - Goldman Sachs Believes Its Differentiated Advantage is Underestimated by the Market

Event Overview: JD.com expects double-digit growth in revenue and active users by 2025. Although core retail experienced a slight decline due to high subsidy baselines, advertising revenue remains strong, and food delivery losses are narrowing. Management provided a cautiously optimistic outlook for 2026, including single-digit growth in retail and over 20% growth in logistics revenue. Goldman Sachs' research report points out its self-operated + platform model and supply chain advantages, with AI implementation further enhancing profitability resilience. Market Interpretation: Goldman Sachs emphasizes that JD.com is undervalued, maintaining a buy rating and raising the target price, with institutional consensus optimistic about its diversified structure. Investment Insight: Against the backdrop of e-commerce recovery, there is significant potential for valuation repair, making it worth watching.

4. Samsara - Q4 Performance Exceeds Expectations + Strong Guidance

Event Overview: Industrial IoT provider Samsara reported Q4 revenue of $444.3 million, exceeding expectations of $422.226 million; adjusted earnings per share were $0.18, higher than the expected $0.13. The Q1 revenue guidance is $454-456 million, surpassing market expectations. The company focuses on a connected operations cloud platform, benefiting from digital transformation, with its stock price surging over 19%. Market Interpretation: Analysts share a consistently positive view, with JPMorgan stating its growth path is clear, maintaining an overweight rating. Investment Insight: With strong demand for IoT, this stock has good growth potential, suitable for growth-oriented investment.

# 4. Cryptocurrency Project Dynamics

1. The Trump administration has launched a cybersecurity strategy, promising to support the security of cryptocurrencies and blockchain, aiming to boost industry confidence.
2. The U.S. Bitcoin reserve plan is progressing slowly, with no substantial progress seen in the past year, raising investor doubts about policy implementation.
3. Kalshi and Polymarket are seeking a $20 billion valuation and are in financing negotiations, reflecting rapid expansion in the prediction market sector.
4. Circle completed a $68 million internal transfer using its stablecoin in just 30 minutes, showcasing the efficiency advantages of blockchain.
5. Bitcoin whales sold off recently, triggering a market correction after a 66% increase, with short-term holders transferring over 27,000 BTC to exchanges for profit.
6. The U.S. Treasury acknowledged in a report submitted to Congress that cryptocurrency mixers can be used for legitimate financial privacy purposes, allowing legitimate users to protect sensitive information in public blockchain transactions regarding personal wealth, business payments, or charitable donations.
7. Yesterday, Strategy founder Michael Saylor released information related to Bitcoin Tracker again, stating, "The Second Century Begins," following a pattern where Strategy discloses increased Bitcoin holdings the day after relevant news is released.
8. Tokens such as APT, STRK, and SEI will see significant unlocks this week, with APT unlock valued at approximately $10.5 million.

# 5. Today's Market Calendar

Data Release Schedule

Important Event Forecast

• North American Daylight Saving Time Implementation: All day - Financial market trading hours advance by one hour, watch for opening changes.

Institutional Views:

Well-known investment bank analysts hold a cautiously optimistic view on market trends over the past 24 hours. Goldman Sachs noted that U.S. stocks are under pressure from stagflation concerns, but tech giants remain resilient, expecting the S&P 500 to rebound to 5,300 points in the short term. JPMorgan analyzed that commodities like gold and crude oil benefit from geopolitical risks, with silver having upward potential after a short-term correction, and the dollar index may fluctuate around the 99 mark. In the cryptocurrency space, S&P believes BTC's pullback is a normal adjustment, with institutional inflows likely to push it above $100,000 by mid-year; ETH is affected by ETF outflows, but network upgrades are favorable for the long term. In the forex market, Barclays expects the euro to stabilize around 1.05 against the dollar, supported by European inflation data. Overall, analysts recommend diversifying into safe-haven assets, paying attention to developments in the Middle East, and avoiding excessive leverage.

Disclaimer: The above content is organized by AI search, with human verification for publication, and should not be considered as any investment advice.