Good Morning Mail

Global equity markets rallied on Friday following de-escalation signals in the Middle East and cooling geopolitical rhetoric. Goldman Sachs analysts remain cautious on long-term oil prices, revising their 2027 Brent forecast downward.

Key Takeaways

• 1.U.S. equity markets rallied significantly following reports of a cancelled Iranian bombing and potential ceasefire progress.
• 2.Goldman Sachs GIR lowered its 2027 Brent oil price forecast by $5 to $80 due to higher supply projections and anticipated demand shifts.
• 3.European markets experienced a bounce led by Semis, Renewables, and Luxury sectors despite geopolitical tensions.

Table of Contents

• U.S. Recap
• GIR on Oil – Same 2026Q4 price forecast. Nudging down 2027 forecast
• Europe
• Asia
• Chart(s) of the Day
• Key Macro Events Today
• Sector and Factor Rotations
• Markets in a Nutshell

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