{"id":12240,"date":"2026-05-12T08:04:15","date_gmt":"2026-05-12T08:04:15","guid":{"rendered":"https:\/\/sib.co.ke\/reports\/?p=12240"},"modified":"2026-05-12T08:04:17","modified_gmt":"2026-05-12T08:04:17","slug":"sib-global-markets-weekly-brief-11-may-2026","status":"publish","type":"post","link":"https:\/\/sib.co.ke\/reports\/sib-global-markets-weekly-brief-11-may-2026\/","title":{"rendered":"SIB GLOBAL MARKETS WEEKLY BRIEF |\u00a011 May 2026"},"content":{"rendered":"\n
SIB Weekly GM Brief 11th May 2026<\/a>Download<\/a><\/div>\n\n\n\n

Highlights<\/h4>\n\n\n\n

Global markets navigated a week defined by the escalating US-Iran conflict and its cascading effects across asset classes, as fresh Strait of Hormuz clashes kept geopolitical risk firmly in the driving seat even as diplomatic efforts continued in the background. US equities powered to fresh highs, with the S&P 500 and Nasdaq extending their winning run to a sixth consecutive week \u2014 the longest streak since 2024 \u2014 buoyed by a blowout April jobs print, robust corporate earnings, and renewed AI optimism, while European stocks also advanced despite mounting energy supply concerns. In rates, US Treasury yields eased to two-week lows and UK gilt yields hit their softest level since April 20th, as a combination of geopolitical uncertainty, cautious Fed expectations, and UK political turbulence \u2014 with Labour suffering heavy losses to Reform UK \u2014 kept downward pressure on borrowing costs. In currencies, the dollar slipped to a ten-week low despite resilient labour data, caught between solid economic fundamentals and energy-driven inflation fears, while the Canadian dollar weakened further after an unexpected domestic job loss and a six-month high unemployment reading cemented Bank of Canada easing expectations. Commodities were sharply divided \u2014 crude shed over 6% to $95.42 per barrel as ceasefire doubts and a shuttered Strait of Hormuz sustained the energy supply shock, while silver surged 6.61% above $80 per ounce on peace deal optimism, rounding off a week in which diplomacy and escalation remained two sides of the same coin.<\/p>\n\n\n\n

Data Highlights<\/h5>\n\n\n\n

USD Jobless Claims 4-week Average fell -216bps, from 207.75 to 203.25, -275bps less than the 209K expectation. USD Nonfarm Payrolls Private fell -3,784bps, from 185K to 115K, +8,548bps more than the lesser 62K expectation. CAD Unemployment Rate (Apr) rose +20bps, from 6.7% to 6.9%, +20bps more than the flat expectation of 6.7%. EUR PPI YoY (Mar) rose +510bps, from -3% to 2.1%, -30bps more than the expected 1.8%.<\/p>\n\n\n\n

Week Ahead<\/h5>\n\n\n\n

GER Inflation Rate YoY (Apr), USD Inflation Rate YoY (Apr), USD Core Inflation Rate YoY (Apr) – Tuesday | EUR GDP Growth Rate YoY (Q1), USD PPI YoY (Apr), USD Core PPI YoY (Apr) – Wednesday | GDP YoY (Mar), GDP Growth Rate YoY (Q1), USD Continuing Jobless Claims (May\/02), USD Initial Jobless Claims (May\/09) – Thursday | JPY PPI YoY (Apr) – Friday |<\/p>\n\n\n\n

Read Full Report<\/h5>\n\n\n\n
SIB Weekly GM Brief 11th May 2026<\/a>Download<\/a><\/div>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Highlights Global markets navigated a week defined by the escalating US-Iran conflict and its cascading effects across asset classes, as fresh Strait of Hormuz clashes kept geopolitical risk firmly in the driving seat even as diplomatic efforts continued in the background. US equities powered to fresh highs, with the S&P 500 and Nasdaq extending their…<\/p>\n","protected":false},"author":4,"featured_media":12099,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"footnotes":""},"categories":[172,1],"tags":[118,184,168,314,116,331],"class_list":["post-12240","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-global-markets-reports","category-weekly-reports","tag-fed","tag-inflation","tag-nasdaq","tag-nfp","tag-sp-500","tag-us-treasury-yields"],"yoast_head":"\nSIB GLOBAL MARKETS WEEKLY BRIEF |\u00a011 May 2026 - Standard Investment Bank<\/title>\n<meta name=\"description\" content=\"Global markets navigated a week defined by the escalating US-Iran conflict and its cascading effects across asset classes, as fresh Strait of Hormuz clashes kept geopolitical risk firmly in the driving seat even as diplomatic efforts continued in the background.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sib.co.ke\/reports\/sib-global-markets-weekly-brief-11-may-2026\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SIB GLOBAL MARKETS WEEKLY BRIEF |\u00a011 May 2026\" \/>\n<meta property=\"og:description\" content=\"Global markets navigated a week defined by the escalating US-Iran conflict and its cascading effects across asset classes, as fresh Strait of Hormuz clashes kept geopolitical risk firmly in the driving seat even as diplomatic efforts continued in the background.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/sib.co.ke\/reports\/sib-global-markets-weekly-brief-11-may-2026\/\" \/>\n<meta property=\"og:site_name\" content=\"Standard Investment Bank\" \/>\n<meta property=\"article:published_time\" content=\"2026-05-12T08:04:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-05-12T08:04:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2026\/03\/Weekly-SIB-Global-Markets-brief.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Edward Kalaghe\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"SIB GLOBAL MARKETS WEEKLY BRIEF |\u00a011 May 2026\" \/>\n<meta name=\"twitter:description\" content=\"Global markets navigated a week defined by the escalating US-Iran conflict and its cascading effects across asset classes, as fresh Strait of Hormuz clashes kept geopolitical risk firmly in the driving seat even as diplomatic efforts continued in the background.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/sib.co.ke\/reports\/wp-content\/uploads\/2026\/03\/Weekly-SIB-Global-Markets-brief.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Edward Kalaghe\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/sib.co.ke\/reports\/sib-global-markets-weekly-brief-11-may-2026\/\",\"url\":\"https:\/\/sib.co.ke\/reports\/sib-global-markets-weekly-brief-11-may-2026\/\",\"name\":\"SIB GLOBAL MARKETS WEEKLY BRIEF |\u00a011 May 2026 - 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