Financial Markets Daily Report
28 May 2026
Wednesday saw a mixed session in financial markets, with investors reacting to contradictory headlines around potential US–Iran peace talks. Despite the ongoing geopolitical uncertainty, energy prices fell for a second consecutive day, with Brent crude slipping below $95 per barrel and TTF natural gas dropping under €47/MWh.
Sovereign bond yields were broadly flat on both sides of the Atlantic. Separately, Eurozone interbank rates edged higher after several ECB officials signaled a rate hike at the June meeting as likely. In the US, Fed speakers stressed their focus on inflationary risks stemming from the Iran conflict but remained vague on the timing of any rate hike.
Equity markets were mixed across Europe and broadly flat in the US. In currency markets, the euro was little changed against the dollar, while the yen weakened modestly, hovering around 160 per dollar, close to the level where Japanese authorities intervened to support the currency last month.