Cross-Asset Spotlight: Ceasefire Moves

Research evidence excerpt

Cross-Asset Spotlight: Ceasefire Moves

Update

June 15, 2026 05:14 PM GMT

Morgan Stanley & Co. LLCMCross-Asset Spotlight | Global Serena W Tang

Strategist

Ceasefire Moves Serena.Tang@morganstanley.comMorgan Stanley India Company Private Limited+ +1 212 761-3380

Soham Sen

Signals, Flows, & Key Data: A weekly summary of key cross-asset StrategistSoham.Sen1@morganstanley.com +91 22 6995-2014

monitors, data, moves, and models tracking sentiment, fund

Morgan Stanley & Co. International plc+

flows, and positioning. Last week, Brent fell by 6.2%, and UST 2Y Erika J Singh-Cundy

yields fell by 7 bps. StrategistErika.Singh-Cundy@morganstanley.com +44 20 7425-0960

Key highlights from last week: Yimin Huang

• Brent fell by 6.2% last week and extended its decline following news of an Yimin.Huang@morganstanley.com +44 20 7677-2870

MoU. Our commodities strategists expect logistical bottlenecks to keep the Recent Research:

oil market tight in 3Q, with full normalization occurring later on. Podcast: Cross-Asset Conversations: On Higher

• The DXY fell by 0.3%. Our FX strategists are bearish on the USD, as Yields and Risk Asset Valuations| Ep. 144 (12 Jun

positioning is skewed long heading into the FOMC, leaving asymmetric 2026)

downside risk if Fed communication proves less hawkish than markets Cross-Asset Strategy: Global In the Flow – May

expect. Recap (1 Jun 2026)

• Euro Stoxx 50 rose 2.1%. Our European equity strategists favour sectors Cross-Asset Brief: If the Strait reopens, how

linked to Europe’s AI ecosystem, including semiconductors and metals & quickly can Middle East production return? Key

mining. Debates in Under 5 Minutes – May 2026 (1 Jun

• UST 2Y yields fell by 7 bps. Our US rates strategists believe market pricing is 2026)