[MARKET UPDATE] Crude benchmarks continue to gain (WTI +3.1%), putting pressure on equity futures and fixed income benchmarks while DXY holds onto the 99 handle
Crude prices are rising significantly, with WTI gaining 3.1%; this increase is generally bearish for equity futures and fixed income markets as it suggests inflationary pressures may persist.
Dutch Inflation Rate YoY Prel (Apr) Y/Y 2.8% (Prev. 2.7%)
Societe Generale (GLE FP) Q1 2026 (EUR): Net income 1.70bln (exp. 1.55bln), Revenue 7.11bln (exp. 7.18bln), Operating Profit 4.33bln (prev. 2.03bln Y/Y), CET1 13.5%. Confident in 2026 goals.
[MARKET UPDATE] Crude benchmarks continue to gain (WTI +3.1%), putting pressure on equity futures and fixed income benchmarks while DXY holds onto the 99 handle
The Japanese Government is considering reviving power and gas subsidies this summer, according to sources; Plan is to use reserve funds and no extra budget eyed for now
The Iranian oil minister has urged the public to reduce energy consumption, while dismissing the impact of the US naval blockade, CNN reports; the government has instructed government offices to cut electricity use by up to 70%
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Additionally, the DXY's stability around the 99 handle indicates that while oil prices are climbing, broader currency strength may be limited, hinting at complex market dynamics that traders should monitor closely.
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