Australian Morning Focus

Global markets are reacting to geopolitical instability in the Strait of Hormuz and concerns over US trade deficits and inflation. Higher oil prices and bond yields are weighing on sentiment alongside equity volatility.

Key Takeaways

• 1.Geopolitical tension in the Strait of Hormuz has surged following attacks on three ships, prompting the US to revoke waivers on Iranian oil sales.
• 2.Global equity markets faced selling pressure led by volatility in technology stocks.
• 3.US economic data indicated a widening trade deficit and rising short-term inflation expectations.

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

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