Natixis
May 28, 2026
Between Hopes for Peace and Economic Realities
Daily UpdateEquitiesRates Govt BondsFXInformation TechnologyUtilities
Global markets are rallying on hopes of US-Iran de-escalation, though high inflation in Europe keeps the ECB on a hawkish path toward a June rate hike.
Key Takeaways
- 1.Global markets are bullish on perceived US-Iran de-escalation, driving equity indices like the S&P 500 to new all-time highs.
- 2.The ECB is preparing for a potential interest rate hike in June due to persistent energy-driven inflationary pressures.
- 3.USD/JPY has reached a May high of 159.38, while BOJ officials suggest rate hikes will depend on Middle East conflict impacts.
Table of Contents
- MARKET LINES
- Rates
- FX
- Equities
- Credit
- HIGHLIGHTS
- DAY AHEAD
- MARKET RECAP
- INDUSTRY NEWS
- Transportation & Mobility
- RESEARCH HIGHLIGHTS
- RESEARCH LATEST FORECASTS
- RESEARCH EVENTS
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Authors
Natixis CIB Research Team
Securities
SPX10-year BundOrsted 1.5% c31USDJPY
Themes
Geopolitical De-escalation HopesMonetary Policy DivergenceEnergy Driven Inflation
Regions
EuropeNorth AmericaAsia PacificUnited StatesJapanAustralia