ANZ
June 29, 2026
Australian Morning Focus
Daily UpdateEquitiesCommoditiesRates Govt BondsEnergyInformation Technology
Global markets were risk-off following renewed US-Iran tensions and weaker equity performance. ANZ Research highlights the focus on upcoming US labor market data as a gauge for future Fed interest rate policy.
Key Takeaways
- 1.Global equity markets showed weakness on Friday, with US indices flat to down and European markets declining.
- 2.Middle East geopolitical tensions escalated with fresh skirmishes between the US and Iran.
- 3.US labor market data remains the key focus for the week ahead, with nonfarm payrolls expected to signal non-inflationary growth.
Table of Contents
- Highlights
- Today (AEST)
- Global markets overview
- Data/event pulse
- Key themes and views
- Market at 6:45am today
- Key data releases
- What's ahead today
- Commodities
Document Preview
Access the Full Report
Get unlimited access to institutional research reports with a 14-day free trial.
Authors
Adam BoytonBrian MartinDaniel Hynes
Securities
S&P 500US 10Y Treasury Note
Themes
Energy supply volatilityGeopolitical conflict in the Persian GulfUS Labor Market normalization
Regions
Middle EastEuropeUnited StatesJapanIran