Author: FX
Deutsche Bank warns markets are pricing the Iran conflict inconsistently across equities, rates and credit, with long-run inflation faith looking increasingly difficult to sustain. Summary:Deutsche Bank notes a clear repricing across markets since the Iran conflict began, but identifies significant inconsistencies across asset classes and regions, according to the bank’s research noteUS Treasury yields have closely tracked oil prices since the conflict began, but equities diverged after an initial correlation, with equities appearing to price in a temporary shock while rates markets price in a more protracted conflict, per Deutsche BankCentral bank pricing is described as inconsistent on a relative…
Markets whipsawed Thursday as Iran deal skepticism returned, sending oil on a sharp intraday swing and pulling equities from record highs while the U.S. dollar recovered. Source link
The Mexican Peso erases some of its earlier gains and drops some 0.13% as the USD/MXN pair advances after the Bank of Mexico (Banxico) cut rates and warned that the easing cycle has ended. The exotic pair trades at 17.27 after testing a low of 17.19.USD/MXN rebounds after Banxico signals pause, Middle East risks riseMarkets’ sentiment swung from strong optimism to pessimism as the US launched attacks on several targets in the Strait of Hormuz, according to a US official, as reported by Axios’ Ravid. In the meantime, Iran’s top military command said that the US violated the ceasefire, targeting…
IQVIA Holdings (IQV) on Thursday announced that its board of directors authorized the repurchase of an additional $2 billion of IQVIA’s common stock under IQVIA’s existing equity repurchase program, bringing the total remaining authorization to $3.2 billion. Press release Source link
Al Jazeera is saying a US official told them that reports about preparation to resume Operation Freedom to reopen the Strait of Hormuz are incorrect“Operation Freedom” (sometimes also referred to in reports as “Project Freedom”) is the Trump administration’s military-backed effort to reopen and protect commercial shipping through the Strait of Hormuz after Iran disrupted traffic through the critical oil chokepoint. The operation reportedly involves U.S. naval escorts, fighter aircraft, missile defense systems, and coordination with Gulf allies to help commercial ships move safely through the region. For oil prices, the impact depends on how the market interprets the operation:Initially…
The New York Federal Reserve (Fed) released its Survey of Consumer Expectations for April on Thursday, which showed that American households expect prices to rise in the short term. For the medium- to long-term horizon, inflation expectations were unchanged.The poll showed that inflation is expected to be 3.6% ahead over the next 12 months, up from March’s 3.4%. For a three- and five-year period, expectations remained unchanged at 3.1% and 3%, respectively.The survey showed that households expect lower gas prices, following March’s spike to 9.4%, tied to the energy shock suffered by the Iran war. Regarding personal finances, Americans held…
Shake Shack misses quarterly estimates as fast food demand weakens, shares drop 30% Source link
Limassol, Cyprus – May 2026, Geopolitical tensions and uncertainty across global energy markets drove a sharp increase in oil trading activity during the first quarter of 2026, according to the latest Market Recap from easyMarkets. While gold remained the platform’s most traded instrument overall, crude oil emerged as one of the fastest-growing asset classes as traders responded to heightened volatility across commodity markets. Following the exceptionally active conditions seen in late 2025, overall trading volumes moderated during the quarter. However, traders remained highly engaged, increasingly focusing on short-term opportunities created by rapid market movements and shifting geopolitical sentiment. Energy Markets…
Societe Generale analysts note that the National Bank of Poland (NBP) kept its policy rate at 3.75% and markets expect no further changes through 2026. Governor Glapinski’s press conference is expected to be uneventful unless he sounds very hawkish. EUR/PLN is drifting towards 4.22 after reversing its conflict-driven spike, while Polish bonds still trade well above pre-conflict yields.Steady policy and bond lag”In CEE [Central and Eastern European] , the NBP left its policy rate unchanged at 3.75% and markets are pricing no change from the NBP for the rest of 2026.””NBP governor Glapinski’s press conference should be a non-event unless…
China gold reserves at the end of April 2026: 74.64 million troy ouncesIn March 2026: 74.38 million troy ouncesChina gold reserves value at the end of April 2026: $344.17 billionIn March 2026: $342.76 billionThe reserves quantity shows another month of increase, with this being the 18th straight month of buying by Beijing. It’s no surprise that China has been a big buyer of gold but the trend here continues to reaffirm the narrative of central banks wanting to secure more of the precious metal amid the volatile financial and market environment driven by US policies.Let’s be reminded that it wasn’t…