In line with the strong rally in foreign equities year to date, bond markets ex-US are also posting solid gains, based on a set of ETFs through Wednesday’s close (June 25).
Daily Archives: June 26, 2025
Macro Briefing: 26 June 2025
US crude oil fell on Wednesday to a level that’s below the price on June 13, when the Israel-Iran conflict started. “There could be hiccups along the way, but the market is saying this (conflict) is likely over,” Robert Yawger, commodities specialist at Mizuho Securities, told CNN Tuesday. “Markets breathed a sigh of relief following Trump’s ceasefire declaration, but the celebration could be short-lived,” said Lukman Otunuga, senior market analyst at FXTM, in a note to investors. “If tensions flare again or the ceasefire is violated, we could see a swift return to risk aversion — boosting safe havens like gold and pressuring global equities.”
