New Zealand Morning Focus

The report highlights market reactions to geopolitical instability in the Strait of Hormuz, rising US inflation expectations, and a widening US trade deficit. Investors are also focused on the upcoming RBNZ OCR review.

Key Takeaways

• 1.Oil prices and bond yields rose following geopolitical tensions in the Strait of Hormuz.
• 2.US inflation expectations reached their highest level since September 2023.
• 3.The RBNZ OCR review is expected to result in a 25bp hike.

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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