Global markets reacted positively to the easing of tensions in the Strait of Hormuz, with equities rising and US Treasury yields sliding. Meanwhile, central banks remain cautious, with the BoE holding rates steady and the Fed maintaining a hawkish bias.
Key Takeaways
- 1.Iran-US MoU took effect, easing oil transport tensions in the Strait of Hormuz.
- 2.US Treasury yields and equity market sentiment improved on the back of the Iran-US deal.
- 3.The Bank of England held rates at 3.75% in a 7-2 vote.
Table of Contents
- Highlights
- Data and events today
- Financial markets
- Global markets overview
- Key data and events
- Key themes and views
- Market snapshot
- Key data releases
- What's ahead today
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Authors
Sharon ZollnerBrian Martin
Securities
S&P 500US 10-year Treasury note
Themes
Central Bank PolicyGeopolitical Stability
Regions
GlobalUnited StatesNew ZealandUnited Kingdom