Deutsche Bank
July 13, 2026
Early Morning Reid
Daily UpdateCommoditiesEquitiesRates Govt BondsEnergyFinancials
The report highlights heightened geopolitical tension between the US and Iran as the primary driver of market volatility and oil price increases. It also previews a busy week of macroeconomic data, including US CPI/PPI and central bank commentary.
Key Takeaways
- 1.The US–Iran conflict has intensified, significantly impacting oil prices (Brent up 4.12%) and causing broad market volatility.
- 2.Key market events this week include US CPI and PPI data, Fed Chair Warsh's testimony, and the start of Q2 US earnings season.
Table of Contents
- Macro Strategy
- Key Economic Data
- Topical Deutsche Bank publications
- Appendix 1
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Authors
Jim ReidHenry AllenPeter Sidorov
Securities
S&P 500Brent Oil
Themes
Geopolitical conflictInflationary pressures
Regions
GlobalAsia PacificEuropeUnited StatesIranChina
