Goldman Sachs Morning Market Update: June 16, 2026

Key Takeaways

• 1.The Bank of Japan hiked rates by 25bp and continues to guide toward further normalization.
• 2.Goldman Sachs lowered its Brent oil price forecasts for 2026 and 2027 following news of a deal to reopen the Strait of Hormuz.
• 3.China's May activity data missed expectations, highlighting weak domestic demand.

Table of Contents

• 1) BoJ Recap
• 2) COMMODITIES RESEARCH (STRUYVEN) – Reducing Our Price Forecast on Deal to Reopen Hormuz
• 3) China Data
• 4) RBA Recap

Report data

BOJ is Expected to Gradually Reduce Monthly JGB Purchases Until March 2027 and Maintain Purchases Volume from April 2027 Onward

Reports in this series

Morning Market Update is shown in chronological order through this edition, published on June 16, 2026.

Part of the Morning Market Update series — view all 4 editions

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