Early Morning Reid

Global markets reversed recent gains as Brent oil jumped 4% following U.S. strikes on Iranian targets and the dismissal of peace deal rumors. Attention now shifts to critical U.S. PCE inflation data and Fed commentary.

Key Takeaways

• 1.Brent oil prices rallied nearly 4% following U.S. defensive strikes on Iranian drone sites and new sanctions regarding the Strait of Hormuz.
• 2.Market hopes for an interim peace deal were dismissed by the White House as a 'complete fabrication,' reversing previous day's optimism.
• 3.Treasury yields and inflation swaps rose as energy price increases dampened previous dovish expectations for central bank rate hikes.

Table of Contents

• Key Market Data
• Other Market Data
• Key Economic Data
• Topical Deutsche Bank publications
• Appendix 1
• Analyst Certification
• Important Disclosures
• Additional Information
• International Production Locations