Global markets rallied on reports of an imminent US-Iran peace deal regarding the Strait of Hormuz, which contributed to lower oil prices and improved sentiment. Meanwhile, US economic data showed a moderate recovery in consumer confidence and a decline in inflation expectations.
Key Takeaways
- 1.Equities gained and oil prices fell on reports of an imminent US-Iran memorandum of understanding regarding the Strait of Hormuz.
- 2.US consumer sentiment in June rose to 48.9, while long-run inflation expectations moderated to 3.4%.
Table of Contents
- Highlights
- Today (AEST)
- Global markets overview
- Data/event pulse
- Commodities
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Authors
Jasmine ZhengBrian MartinDaniel Hynes
Securities
S&P 500US 10y TreasuryWTI Crude Oil
Themes
Geopolitical De-escalationInflation Moderation
Regions
GlobalUnited StatesIranChina