Morning Line Express

Markets saw a relief rally as oil prices eased following renewed shipping in the Strait of Hormuz, though Fed minutes confirmed a hawkish policy stance. Nvidia's stellar earnings provided a major lift to the technology sector and AI-related trading.

Key Takeaways

• 1.Signs of recovery in shipping traffic through the Strait of Hormuz led to a relief rally and lower oil prices, with Brent falling toward $105/bbl.
• 2.Fed minutes revealed a hawkish shift, with members concerned that rates may need to stay restrictive longer or move higher if inflation persists.
• 3.Nvidia reported exceptionally strong Q1-27 results with $81.6bn in revenue (+85% YoY), boosting sentiment in AI and technology sectors.

Table of Contents

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

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