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• Market wobbles. Jump in oil & ‘hawkish’ vibes from US Fed rattled investors. USD firmer. AUD & NZD lost ground. AUD underperforms on crosses.• AU CPI. Inflation accelerates, but not as much as expected. However it is too high & RBA should respond. More hikes priced. Growth set to slow.
Global Trends
A few renewed wobbles across markets overnight as a mix of factors rattled...
Oil benchmarks and the dollar are extending yesterday’s gains after the Wall Street Journal said US president Donald Trump is preparing to maintain an indefinite blockade against Iranian shipping, rather than accepting Tehran’s peace proposal or resuming military attacks. Barrels of Brent crude are trading for more than $114, while West Texas Intermediate changes hands for $103, and the greenback...
Good morning. The dollar is advancing and Brent crude prices are back above $110 a barrel as the US and Iran fail to make meaningful progress toward a deal that might relieve strain on global energy markets. Over the weekend, Iranian Foreign Minister Abbas Araghchi reportedly proposed that Tehran and Washington end their blockades and maintain a regional ceasefire while postponing nuclear talks to...
• Upbeat vibes. Reports Iran proposed reopening Strait of Hormuz supported sentiment. Equities rose. AUD near top of its range. But oil markets sceptical.• Event radar. US/Iran still in focus. Australian Q1 CPI due (Weds), as is US GDP (Thurs night). Five central banks meet including US Fed (Thurs morning).
Global Trends
Mixed fortunes across markets at the start of the new week. On the back of...
Financial markets are back in risk-off mode as Middle East peace talks show signs of stalling, with both sides continuing to enforce blockades on shipping through the Strait of Hormuz. Brent crude is holding above $100 once again, equity futures are setting up for a pullback at the open, and the dollar is catching a bid as traders revert to safe-haven and terms-of-trade playbooks, selling the currencies...
Good morning. Markets are struggling to find direction as conflicting signals on the war in Iran leave traders rudderless. Vice President JD Vance yesterday postponed a trip to Pakistan after Iranian officials reportedly refused to meet with him, citing “unreasonable demands” from the US, while President Trump extended today’s ceasefire deadline to allow Tehran to present a “unified...