Markets Navigate Between Noise and AI Trend

The report highlights a market torn between erratic geopolitical news, primarily revolving around US-Iran-Israel tensions, and a robust AI investment cycle. Yields and energy prices are fluctuating sharply, while tech investment remains a key stabilizing theme.

Key Takeaways

• 1.Global markets are caught between geopolitical volatility, specifically the suspension of US-Iran talks, and the persistent structural growth of the AI sector.
• 2.Interest rate markets experienced significant volatility, with yields rising on oil price rebounds before a bull-flattening rally in Asia led by JGBs.
• 3.Energy markets remain highly sensitive to Middle East developments, with Brent crude reaching intraday highs of $97.8/bbl on news of expanding military operations in Lebanon.

Table of Contents

• MARKET LINES
• Rates
• FX
• Equities
• Credit
• Commodities
• HIGHLIGHTS
• DAY AHEAD
• MARKET RECAP
• INDUSTRY NEWS
• Real Estate
• High Yield
• Energy Transition
• Transportation & Mobility
• RESEARCH HIGHLIGHTS
• RESEARCH LATEST FORECASTS
• RESEARCH EVENTS
• MID-YEAR OUTLOOK 2026
• Replays
• DISCLAIMERS