Crédit Agricole CIB
May 26, 2026
Inflation: Higher Hopes vs Worse Data
Daily UpdateRates Govt BondsCommoditiesMacro Economic IndicatorsEnergyFinancials
Crude oil prices have fallen on geopolitical hopes, but markets face risks from upcoming Eurozone and US inflation data which are expected to show core inflation rebounds.
Key Takeaways
- 1.Crude oil prices have retraced due to easing geopolitical tensions in the Middle East, specifically hopes for a US-Iran agreement.
- 2.Upcoming inflation data for both the Eurozone and the US is expected to show upward pressure, with Eurozone core inflation forecast to rise to 2.6%.
- 3.Market strategy remains cautious on directional trades, preferring relative value trades such as long 5YF5Y HICPx vs 5YF5Y FRCPIx.
Table of Contents
- Inflation: higher hopes vs worse data
- Recent publications
- Upcoming data highlights
- EUR Rates Dashboard
- USD Rates Dashboard
- Interest Rates Research advanced tools
- Red Mount Analytics
- Global Markets Research contact details
- Certification
- Disclaimer
Document Preview
Access the Full Report
Get unlimited access to institutional research reports with a 14-day free trial.
Authors
Jean-François PerrinAlex LiGuillaume Martin
Securities
Brent Crude OilHICPx (Euro Inflation Forward)10Y OATeiBTP 2.20% 02/28
Themes
Core Inflation Pass-throughGeopolitical Impact on Energy
Regions
EuropeNorth AmericaMiddle EastUnited StatesFranceGermany
