Markets are volatile as President Trump rejects Iran's latest diplomatic response, while focus shifts to upcoming US CPI data and a transition in Fed leadership.
Key Takeaways
- 1.The Iran war has entered a 32-day stalemate, but markets remain highly sensitive to the closure of the Strait of Hormuz.
- 2.Oil prices and Treasury yields are rising after President Trump rejected Iran's latest diplomatic response regarding nuclear facilities.
- 3.US April CPI data is the major macro focal point, with core inflation projected to accelerate to +0.39% MoM.
Table of Contents
- Key Market Data
- Day-by-day calendar of events
- Other Market Data
- Key Economic Data
- Topical Deutsche Bank publications
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Authors
Jim ReidHenry AllenPeter Sidorov
Securities
S&P 500Brent Crude OilKOSPI10yr US TreasuryCisco
Themes
AI and Semiconductor MomentumGeopolitical VolatilityUS Monetary Policy Transition
Regions
North AmericaMiddle EastAsia PacificUnited StatesIranChina