Financial markets wiped out the gains recorded in the previous two months during March. As a result of the war, the global market is down 3.9% since the start of the year, though losses were more pronounced in the world's most sought-after stock exchange. According to an analysis by Maxyield, the MSCI World index fell 3.9% in the first three months of the year, driven by a 6.6% drop in March alone. Among other major international indices, the European Stoxx 600 fell 8.0% in March and 1.5% since the end of 2025. European benchmarks generally declined over the quarter, with two exceptions: the British FTSE 100, which rose 2.5% in the first quarter despite a 6.7% drop in March, and the PSI index, which gained 10.5% quarterly despite a 1.6% decline in March. While negative sentiment in March was widespread due to the war in the Middle East, Lisbon and London recorded gains for the first three months of the year. On Wall Street, the S&P 500 fell 5.1%, leading to a 4.6% loss for the quarter, while the Nasdaq fell 4.8% in March and 7.1% since January 1st. Asian markets also saw significant declines in March, though some indices like the Japanese TOPIX and South Korean KOSPI maintained year-to-date gains. March was marked by high volatility and sharp falls, while early April shows signs of recovery amid hopes for a ceasefire. Meanwhile, suspicions of insider trading and corruption have been raised regarding Trump and his social media posts.