Equities Reaction to Ceasefire Seen as ‘Pretty Rational’ by HSBC’s Kettner

HSBC strategist Max Kettner expects oil to fall to near $80/barrel later this year following the US-Iran ceasefire, calling that level "good enough" to drive equity markets. He links lower oil prices to improved market sentiment, suggesting a potential risk-on catalyst as energy costs ease.

Analysis

HSBC strategist Max Kettner expects oil to fall to near $80/barrel later this year following the US-Iran ceasefire, calling that level "good enough" to drive equity markets. He links lower oil prices to improved market sentiment, suggesting a potential risk-on catalyst as energy costs ease.