Australian Morning Focus

Global markets reacted positively to a US-Iran Memorandum of Understanding, driving down oil prices and easing inflation concerns. Central banks remain focused on the potential impact on energy prices, with most expected to hold steady this week.

Key Takeaways

• 1.US and Iran have reached a Memorandum of Understanding regarding their conflict, leading to a sharp drop in oil prices and improved global market sentiment.
• 2.Central banks are expected to remain vigilant; while a deal might reduce pressure to tighten policy, inflation risks persist.
• 3.The RBA is expected to hold interest rates at 4.35%, potentially marking the peak for the current cycle.

Table of Contents

• Highlights
• Today (AEST)
• Global markets overview
• Data/event pulse
• Key themes and views
• Commodities
• Important Notice

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