Oil Pullback Brings Relief to Markets

Global markets rebounded as energy prices eased following reports of supertankers crossing the Strait of Hormuz and potential US-Iran progress, despite hawkish FOMC minutes suggesting prolonged restrictive rates.

Key Takeaways

• 1.Energy prices retreated as shipping traffic resumed through the Strait of Hormuz, with Brent crude falling back toward $105 per barrel.
• 2.Fed minutes indicated a hawkish shift, with FOMC members considering higher or longer-duration restrictive rates due to inflation concerns.
• 3.Nvidia reported exceptionally strong Q1-27 results with revenue of $81.6bn, beating consensus and raising Q2 guidance.

Table of Contents

• MARKET LINES
• Rates
• FX
• Equities
• Credit
• Commodities
• HIGHLIGHTS
• DAY AHEAD
• MARKET RECAP
• INDUSTRY NEWS
• RESEARCH HIGHLIGHTS
• RESEARCH LATEST FORECASTS
• RESEARCH EVENTS