Sunrise Market Commentary

Global markets saw a temporary relief rally in bonds and equities as investors hoped for an end to the Iran conflict, despite hawkish FOMC minutes. Weaker than expected Australian jobs data and stagnant Japanese services reflect a softening global labor and economic outlook.

Key Takeaways

• 1.Bond markets experienced a relief rally driven by speculative headlines regarding a potential de-escalation in the Iran conflict.
• 2.FOMC minutes reveal a shift toward a less dovish stance as officials consider removing the easing bias due to persistent inflation concerns.
• 3.Australian labor market data was unexpectedly weak, with employment shrinking by 18.6k and unemployment rising to 4.5%.

Table of Contents

• KBC Sunrise Market Commentary
• News & Views
• Graphs
• GE 10y yield
• US 10y yield
• EUR/USD
• EUR/GBP
• Calendar & Table
• Contacts

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