Institutions: Oil prices will remain the biggest market driver, with limited impact from CPI

MarsBitNews · 2026-03-11T08:33:30+00:00

Pepperstone analyst Michael Brown stated that oil prices will remain the main driver of the market, surpassing the impact of U.S. February inflation data. He pointed out that although the market is focused on inflation data, participants are paying less attention to economic data due to geopolitical uncertainties.

MarsBitNews

2026-03-11 08:33:30

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Mars Finance News, March 11 — Pepperstone analyst Michael Brown stated in a report that oil prices will remain the biggest market driver, exerting more influence than the upcoming U.S. February inflation data to be released tonight. Brown said that market participants felt some relief after U.S. President Trump indicated that the conflict would end soon. However, he pointed out that the market will still closely monitor developments for any signs of easing. He mentioned that although U.S. inflation data is usually a key event worth paying attention to, the data released tonight may not have a significant impact from either a market perspective or in terms of Federal Reserve policy outlook. He added that, given the uncertainty in the geopolitical situation, market participants “are less concerned about the upcoming economic data.” (Jin10)

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