Markets Today

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Global market risk appetite improved as a ceasefire between Iran and Israel calmed tensions, leading to a rebound in US equities and a slight retreat in oil prices.

Key Takeaways

  • 1.Risk appetite has improved following a ceasefire agreement between Israel and Iran, leading to a retreat in oil prices and a recovery in equity markets.
  • 2.US semiconductor stocks rebounded following a previous session's sell-off, helping support broader sentiment in the IT sector.
  • 3.Domestic New Zealand rates saw significant upward pressure across the curve, mirroring recent US Treasury market sell-off trends.

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Authors

Jason Wong

Securities

Brent Crude OilPhiladelphia Semiconductor Index

Themes

Geopolitical De-escalationInterest Rate Normalization

Regions

Middle EastNew ZealandUnited StatesIran