Early Morning Reid Macro Strategy

Latest edition · August 11, 2026

DB Research Early Morning Reid - Macro Strategy

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.

Oil prices continue to rise for the fourth consecutive session as the standoff in the Strait of Hormuz persists, fueling inflation concerns and increasing market pricing for rate hikes from the Fed and ECB. Sovereign bond yields moved higher globally, reversing recent declines. Meanwhile, risk sentiment remains tempered, with US indices pulling back from recent highs while European markets continue to demonstrate resilience, setting new records despite the broader macro pressures.

Key takeaways from the latest edition

• 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.

What this series covers

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

Edition archive

• DB Research Early Morning Reid - Macro Strategy

  August 11, 2026

• DB Research Early Morning Reid - Macro Strategy

  August 10, 2026

• DB Early Morning Reid Macro Strategy

  August 7, 2026

• DB Early Morning Reid Macro Strategy

  August 6, 2026

• DB Research Early Morning Reid – Macro Strategy

  August 5, 2026

• DB Research Early Morning Reid | Macro Strategy

  August 4, 2026