Early Morning Reid

Global markets are rallying as falling oil prices ease inflation concerns, with investors pricing out aggressive Fed and ECB rate hikes. Strong earnings from Micron have also revitalized sentiment around AI-linked tech stocks.

Key Takeaways

• 1.Global markets show buoyancy as Brent crude prices return to pre-conflict levels following increased flow through the Strait of Hormuz.
• 2.Micron's strong earnings outlook reignited optimism regarding AI-fueled growth, driving tech shares and US equity futures higher.
• 3.Easing inflation concerns, reflected in lower inflation swaps and sovereign bond yields, are leading investors to price out aggressive central bank rate hikes.

Table of Contents

• Macro Strategy
• Key Market Data
• Other Market Data
• Key Economic Data
• Topical Deutsche Bank publications
• Appendix 1

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