ANZ's daily update highlights rising energy prices due to US-Iran tensions and a slight rise in US housing sentiment, while markets await the FOMC minutes.
Key Takeaways
- 1.Oil prices rose following the rejection of ceasefire proposals by Washington and Tehran, highlighting persistent geopolitical tensions.
- 2.The US housing market shows signs of marginal improvement with the NAHB index rising to 37, though overall sentiment remains weak and range-bound.
- 3.Market attention is centered on the upcoming FOMC minutes and the leadership style of the new Fed Chair, Warsh, regarding policy consensus.
Table of Contents
- Highlights
- Data and events today
- Financial markets
- Global markets overview
- Key data and events
- Key themes and views
- Market snapshot
- Key data releases
- What's ahead today
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Authors
Miles WorkmanDavid CroyBrian Martin
Securities
S&P 500NZDUSDUS 10yr BondBrent Futures
Themes
Geopolitical Tension & Energy PricesCentral Bank Leadership & Dissent
Regions
Asia PacificNorth AmericaEuropeNew ZealandAustraliaUnited States