Every atomic assertion extracted from the underlying record, ranked by evidence strength.
Oil prices (Brent) rose 8.5% on Friday.
Israel and Iran are trading attacks over civilian infrastructure.
The situation in the Middle East is going from bad to worse.
Instead of growth, there were 92,000 fewer jobs in February in the US.
The Bloomberg poll consensus for US employment numbers was 55,000.
Only one economist in the Bloomberg poll predicted a negative print, specifically minus nine.
The actual US jobs print of minus 90,000 was a drastic undershoot.
The US unemployment rate ticked up one-tenth.
The Nasdaq was down 1.6% on Friday.
The Eurostoxx 50 lost 1.1% in the US.
Consumer discretionary, materials, and IT sectors in the US all lost close to 2%.
Bond yields were generally high.
10-year gilts in the UK rose nine basis points.
Many European countries saw five or six basis point gains in yields.
Two-year yields in Australia are at 4.37%.
Massive uncertainty remains about how and when the Middle East situation will end.
Oil prices are looking more likely to get over the $100 mark.
New Zealand implemented 75-point rate hikes.
The DXY was around 97 before the Iran conflict kicked off.
The world is currently facing an oil price shock.
Bond yields are extremely sensitive to oil price shocks.
Oil prices are not really that far from $100 now.
Weak jobs data came from the US on Friday.
Oil prices (WTI) rose 12% on Friday.
Both WTI and Brent are over $90 a barrel now.
The extent and depth of the Middle East conflict are still up in the air.
Brent crude is close to $93 a barrel.
Israel attacked oil infrastructure around Tehran over the weekend.
Iran retaliated with attacks on Israeli oil infrastructure around the port of Haifa.
The conflict is broadening out to Iranians attacking desalination plants in Bahrain.
Iran claims attacks on Bahraini desalination plants are retaliation for US attacks on their desalination plants.
The US dollar fell a little on Friday.
The DXY was just below 99 on Friday.
The world was facing a wild inflation beast in the immediate post-pandemic period.
The Aussie dollar managed to rise by a third of 1% on Friday.
The Aussie dollar only momentarily dipped below the 70 US cent mark.
The US unemployment rate is back up at 4.4%.
Central banks face a dilemma with weaker economies and rising inflation.
The Fed meeting is at the end of the week after next.
US retail sales came out a little less than expected.
Consumer spending is likely to worsen in times of uncertainty.
The energy price complex is starting to price a greater chance of longer-term disruption.
Calendar spreads in energy markets are picking up.
Retail sales for January were not overly disappointing relative to consensus.
Retail sales for January were not particularly inspiring.
The control measure for retail sales that goes into GDP was up 0.3%.
The control measure for retail sales was in line with expectations.
US consumer spending in January was tepid at best.
Russia gains from rising oil prices.
The US signed a waiver for India to import Russian oil for a month without sanctions.
The waiver gave oil markets a glimmer of hope on Friday.
The hope quickly faded as Brent escalated above $92 a barrel.
WTI is beginning to close its gap with Brent.
Markets are considering the oil price situation to be a bigger chance of a longer-run thing.
China's CPI and PPI for February are due today.
China is not exempt from rising oil prices.
China's PPI is expected to remain in deflation.
Chinese goods inflation has been a helpful boost for tradables inflation globally.
Today is a relatively quiet day for data.
This week is a relatively quiet week for data.