On March 4, 2026, global financial markets experienced a sharp rebound, driven by unexpectedly strong U.S. economic data that signaled ongoing resilience in the economy despite rising geopolitical tensions in the Middle East [1]. Risk assets rallied broadly, with the U.S. dollar weakening against most major currencies [1]. Among the key data releases, the U.S. ADP National Employment Report for February 2026 showed a significant increase of 63.0k jobs, far surpassing the forecast of 19.0k and the previous figure of 22.0k [1]. The U.S. ISM Services PMI for February 2026 also exceeded expectations, coming in at 56.1 versus a forecast of 53.0 and a previous reading of 53.8 [1]. Additionally, U.S. MBA Mortgage Applications surged 11.0% compared to the previous 0.4% [1].
Bitcoin led the gains across major asset classes, rallying 7.39% to close around $73,041. This surge was attributed to a powerful risk-on rally during the London and U.S. sessions, likely correlating with the robust PMI releases in the U.S. [1]. Other notable data included the Euro area HCOB Services PMI Final for February 2026 at 51.9 (forecast: 51.8; previous: 51.6), Euro area Unemployment Rate for January 2026 at 6.1% (forecast: 6.2%; previous: 6.2%), and China RatingDog Manufacturing PMI for February 2026 at 52.1 (forecast: 50.5; previous: 50.3) [1].
The broad market price action reflected a notable rebound in risk sentiment, with risk assets rallying and the dollar weakening. The session's strongest performance was seen in Bitcoin, which benefited from the risk-on environment and robust U.S. economic data [1].
No forward-looking statements or analyst opinions were provided in the source article [1].
CONCLUSION
Markets rebounded sharply on March 4, 2026, as robust U.S. economic data fueled a risk-on rally, with Bitcoin posting the strongest gains. The dollar weakened against major currencies, and risk assets rallied broadly, indicating high market impact and positive sentiment. No analyst outlooks or forward-looking statements were included in the source.