Crédit Agricole Corporate and Investment Bank
May 28, 2026
Investors Are Only Slightly Less Confident
FX StrategyFXEquitiesCommoditiesInformation TechnologyEnergy
The CACIB Risk Index has bounced slightly to -0.6431 but faces downward pressure from geopolitical tensions and upcoming inflation data. Strong US earnings and AI optimism are currently providing a floor for sentiment.
Key Takeaways
- 1.The CACIB Risk Index modestly bounced to -0.6431 from over two-year lows, but the overall trend is starting to turn lower.
- 2.AI-driven optimism remains strong as 60% of US companies and six of the 'Magnificent Seven' technology firms surprised to the upside this earnings season.
- 3.Geopolitical sensitivity is high regarding the US-Iran conflict, with sentiment tied to the potential reopening of the Strait of Hormuz.
Table of Contents
- Related publications
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- Foreign exchange disclosure statement to clients of CACIB
- Additional recommendation obligations
- Valuation and methodology
- MiFID II contact details
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Authors
David Forrester
Securities
Magnificent SevenCHFXAUEUR
Themes
Geopolitical risk in the Middle EastAI-Driven Market OptimismInflation and Energy Prices
Regions
North AmericaMiddle EastEuropeUnited StatesIranSwitzerland