📌 Global Market Overview | Tuesday, May 26 Global markets opened the shortened trading week in risk-on mode as hopes for a U.S.–Iran peace framework outweighed fresh Gulf tensions. $SPX pushed to fresh highs while semiconductor stocks led the rally, with $MU among the standout movers. Falling Treasury yields also eased fears of near-term Fed tightening, helping support equities. In energy, $USOIL dropped toward $93.60 as traders priced in possible diplomatic progress and reopening trade routes through Hormuz. U.S. 10-year yields fell back below 4.50%, reducing immediate rate hike pressure. Still, optimism remains fragile. Iran is seeking sanctions relief and access to frozen assets, while major disagreements remain over the nuclear file and Hormuz security. Key headlines: 🔹 Fed officials warned that persistent Middle East-driven inflation could still force further rate hikes. 🔹 Dallas Fed manufacturing returned to positive territory, but rising raw material costs show inflation pressure remains alive. 🔹 U.S. consumer confidence came in slightly better at 93.1, though labor market sentiment weakened. 🔹 Case-Shiller home prices disappointed, showing softer housing momentum. 🔹 White House advisers suggested energy prices could fall further if Hormuz reopens. 🔹 $NDX approached the 30,000 milestone as tech and semis remained the market leaders. Market snapshot: $XAU Gold: -1.37% $NDX Nasdaq 100: +0.39% $SPX S&P 500: mixed intraday $DJI Dow: -1.20% $USOIL: -3.50% $DXY: +0.15% $BTC: $76.1K (-1.58%) What matters next: Australia CPI, the $RBNZ rate decision, Fed speeches, $ADP jobs data, and Richmond Fed manufacturing. Bottom line: Markets are pricing diplomacy over escalation. But until a real deal is signed, geopolitics can still reverse sentiment fast. #DailyOrbit #OKXOrbitTopics #USIranDealOnTheEdge