Global markets are focused on stalled US-Iran negotiations which have lifted oil prices, while disappointing Chinese data and weak US housing sentiment weigh on growth expectations.
Key Takeaways
- 1.Energy markets are rising due to the failure of US-Iran ceasefire negotiations and concerns over supply disruptions.
- 2.The US housing market remains weak despite a slight improvement in the NAHB Housing Market Index for May.
- 3.Market attention is shifting to the upcoming FOMC minutes and the leadership of the new Fed Chair, Warsh, regarding inflation outlook.
Table of Contents
- Highlights
- Today (AEST)
- Global markets overview
- Data/event pulse
- Key themes and views
- Commodities
- Important Notice
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Authors
Jack ChambersBrian MartinDaniel Hynes
Securities
SPXAUDUSDBrent CrudeUST 10yAS51
Themes
Geopolitical Tension & Energy SupplyMonetary Policy TransitionChinese Economic Slowdown
Regions
Asia PacificEuropeNorth AmericaAustraliaUnited StatesChina