Geopolitical tensions in the Middle East are pushing oil and yields higher while markets await US CPI data. ANZ highlights key local data releases and the upcoming Australian federal budget as immediate drivers.
Key Takeaways
- 1.Stalled US-Iran peace negotiations have driven oil prices and bond yields higher globally.
- 2.New Zealand data releases today include the ANZ Truckometer and Government financial statements, preceding the Budget on 28 May.
- 3.Markets are focused on the upcoming US April CPI data, with expectations of headline inflation accelerating to 3.7% y/y.
Table of Contents
- Highlights
- Data and events today
- Financial markets
- Global markets overview
- Key data and events
- Key themes and views
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Authors
Miles WorkmanDavid CroyHenry Russell
Securities
SPXWTI Oil futuresUS 10yr Treasury NoteNZD/USD
Themes
Middle East Geopolitical ConflictShelter Inflation Data Recovery
Regions
Asia PacificNorth AmericaEuropeNew ZealandAustraliaUnited States