Deutsche Bank
May 27, 2026
Fresh Records for Equities; Oil Up After Strikes but Talks Proceed
Daily UpdateEquitiesRates Govt BondsCommoditiesInformation TechnologyEnergy
US equities hit fresh record highs while oil prices spiked to $99.6/bbl following US strikes in Iran. Markets are currently balancing geopolitical risks against a Fed that remains on hold but vigilant about persistent inflation.
Key Takeaways
- 1.US equities reached new record highs led by tech, while Brent crude climbed near $100/bbl following US strikes on Iranian military positions.
- 2.The Fed outlook faces three primary scenarios based on the Iran conflict: a peace deal reducing hike risks, a 'muddle through' increasing 2026 hike risks, or re-intensification creating two-sided risks.
- 3.South Korea's macro environment is firming faster than expected, making a July rate hike likely despite upcoming elections.
Table of Contents
- Fresh records for equities; oil up after strikes but talks proceed
- The day ahead
- AMERICAS
- EUROPE
- ASIA
- AUSTRALIA
- NEW ZEALAND
- Analyst Certification
- Important Disclosures
- Additional Information
- International Production Locations
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Authors
Phil OdonaghoeMatt Luzzetti
Securities
SPXCCMPBrent CrudeUS10Y
Themes
Geopolitical VolatilityMonetary Policy Neutrality vs. Hawk RisksInflation Persistence
Regions
North AmericaAsia PacificEuropeUnited StatesSouth KoreaNew Zealand