Financial Markets Daily Report
14 April 2026
Markets were driven by renewed geopolitical tensions in the Middle East, following the US decision to impose a blockade on traffic to and from Iranian ports through the Strait of Hormuz, resulting in higher energy prices, with Brent crude trading around $100/barrel and TTF gas rising by around 5% above €45/MWh.
Risk sentiment remained subdued for most of the session. Asian and euro area equities declined, while euro area sovereign yields rose on renewed inflation concerns. In contrast, US markets reversed late in the session, with equities closing higher and Treasury yields declining, supported by remarks from President Trump suggesting Iran may be willing to reach a deal.
In currency markets, the US dollar eased modestly (DXY -0.3%), with EUR/USD rising close to 1.18. In rates markets, forward curves continued to fully price in two ECB rate hikes starting in June, while the Fed is expected to keep rates unchanged throughout 2026.