ANZ provides a daily market overview, noting that geopolitical instability in the Middle East is driving market volatility while the Federal Reserve signals a more hawkish stance on rate cuts.
Key Takeaways
- 1.ANZ adjusted its Fed outlook, now expecting the FOMC to remain on hold until Q2 2027 before initiating a 25bp cut.
- 2.Geopolitical tensions in the Middle East, specifically the Strait of Hormuz, continue to create uncertainty and influence oil prices.
Table of Contents
- Highlights
- Data and events today
- Financial markets
- Global markets overview
- Key data and events
- Market snapshot (07:15 NZ Time)
- Key data releases
- What's ahead today
- Key themes and views
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Authors
Sharon ZollnerHenry Russell
Securities
DJIAWTI Oil futures
Themes
Fed Policy TighteningGeopolitical Oil Supply Disruption
Regions
Middle EastEuropeNew ZealandUnited StatesUnited Kingdom