Global markets are showing a bullish drift despite quiet sessions, supported by tech optimism and potential US-Iran negotiations. Citi maintains a pro-risk stance focused on AI growth while monitoring geopolitical risks in Turkey and the Middle East.
Key Takeaways
- 1.Global equities are trading higher led by tech optimism (ARM) and potential progress on a US-Iran deal.
- 2.Japanese inflation (Tokyo CPI) hit Mar 2022 lows, but the BoJ is still expected to hike rates by 20bp in June.
- 3.Political instability in Turkey, specifically the removal of the CHP opposition leader, has triggered a sharp selloff in Turkish assets.
Table of Contents
- Best of Wire
- In Focus
- Elsewhere
- Charts
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Authors
Varshi Karamsetty
Securities
10y USTARMEURUSDUSDTRYBIST National 100
Themes
AI-driven growthGeopolitical VolatilityGlobal Economic Resilience
Regions
North AmericaAsia PacificEuropeUnited StatesJapanTurkey