Markets are reacting to renewed US-Iran tensions which have pushed oil prices up while tempering global risk appetite. Investors are focused on Australian CPI data and US inflation indicators to gauge future rate paths.
Key Takeaways
- 1.Middle East hostilities between the US and Iran have reignited market volatility and driven oil prices higher.
- 2.US consumer confidence has slipped as rising prices lead to cutbacks in discretionary spending.
- 3.The RBA and Australian markets are focused on today's April CPI data and construction work done for Q1.
Table of Contents
- Highlights
- Today (AEST)
- Global markets overview
- Data/event pulse
- Key themes and views
- Commodities
- Important Notice
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Authors
Kishti SenBrian MartinDaniel Hynes
Securities
SPXAUDUSDXAUUS 10y Treasury
Themes
Geopolitical TensionMonetary Policy UncertaintyEnergy Market Tightness
Regions
Asia PacificNorth AmericaEuropeAustraliaUnited StatesIran