Early Morning Reid

Global markets are focused on a potential US-Iran ceasefire that has triggered a significant rally in bonds and lower oil prices, while awaiting critical US labor market data.

Key Takeaways

• 1.Market sentiment for June hinges on the success of a potential US-Iran ceasefire deal and its impact on the Strait of Hormuz.
• 2.The upcoming US May employment report is the critical data point for the week, with forecasts suggesting a moderation in payroll growth to 50k.
• 3.May performance was dominated by a sharp decline in oil prices and an explosion in AI-related chip stock returns, particularly in the KOSPI.

Table of Contents

• Key Market Data
• Day-by-day calendar of events
• Other Market Data
• Key Economic Data
• Topical Deutsche Bank publications
• Appendix 1
• Additional Information

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