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July 13, 2026

New Zealand Morning Focus

Daily UpdateCommoditiesEquitiesFXEnergy

The report highlights escalating conflict in the Middle East and its potential market impact, alongside a focus on the Federal Reserve's data-dependent monetary policy path.

Key Takeaways

  • 1.Middle East tensions escalated after the US struck Iranian targets and Iran responded in the Strait of Hormuz.
  • 2.The US Federal Reserve remains data-dependent with market expectations pricing in a ~25% chance of a July hike.

Table of Contents

  • Highlights
  • Data and events today
  • Financial markets
  • Global markets overview
  • Key data and events
  • Key themes and views
  • Market snapshot (07:15 NZ Time)
  • Key data releases
  • What's ahead today

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Authors

Miles WorkmanDavid CroyHenry Russell

Securities

S&P 500WTI Oil futures

Themes

Geopolitical InstabilityMonetary Policy

Regions

Middle EastEuropeUnited StatesIranNew Zealand