Early Morning Reid: Macro Strategy & Market Analysis (August 11, 2026)

Global markets are navigating rising inflation fears sparked by a rally in oil prices amid the Strait of Hormuz standoff. This has driven a shift towards hawkish central bank expectations and higher sovereign bond yields.

Key Takeaways

• 1.Oil prices have rallied due to the ongoing standoff in the Strait of Hormuz, driving inflation fears and increased market pricing for Fed and ECB rate hikes.
• 2.Sovereign bond yields have risen globally, reflecting a hawkish shift in central bank expectations following the rise in energy costs.
• 3.Risk assets showed mixed performance, with the S&P 500 experiencing a marginal pull back from all-time highs while European indices like the STOXX 600 set new records.

Table of Contents

• Key Market Data
• Other Market Data
• Key Economic Data
• Topical Deutsche Bank publications

Report data

Key figures extracted from this report

Reports in this series

Early Morning Reid Macro Strategy is shown in chronological order through this edition, published on August 11, 2026.

Part of the Early Morning Reid Macro Strategy series — view all 8 editions

1. Jul 28DB Early Morning Reid | Macro Strategy
2. Aug 3DB Early Morning Reid - Macro Strategy
3. Aug 4DB Research Early Morning Reid | Macro Strategy
4. Aug 5DB Research Early Morning Reid – Macro Strategy
5. Aug 6DB Early Morning Reid Macro Strategy
6. Aug 7DB Early Morning Reid Macro Strategy
7. Aug 10DB Research Early Morning Reid - Macro Strategy

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