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macroJul 10, 2026, 6:55 AM

Deutsche Bank: Tech and Chips Drive Equities Relief Rally

Deutsche Bank strategists note a strong semiconductor rally and lower oil prices lifted global equities, with the S&P 500 rebounding as investors rotated into growth and cyclical stocks.

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Deutsche Bank strategists say a strong rally in semiconductor stocks and falling oil prices have triggered a relief rally in global equities. The S&P 500 recovered after investors rotated out of defensive sectors into growth and cyclical names.

Gains in Micron and SK Hynix reinforced confidence in the AI investment theme, according to the bank. The move reflects a shift in market sentiment as lower energy costs ease inflationary concerns.

Source: FXStreet Forex News