Markets Today

Markets reacted to failed US-Iran peace talks with higher oil prices and rising bond yields, particularly in the UK where political risk pushed Gilts to 5%.

Key Takeaways

• 1.Failed US-Iran peace negotiations have triggered a 'risk-off' tone, driving Brent crude prices up by 3% towards $106.
• 2.UK political instability following local election losses for the Labour party has pushed 10-year Gilt yields back to 5%.
• 3.China's inflation data significantly exceeded expectations, with PPI surging to 2.8% due to rising commodity prices.

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• Events Round-Up
• Good Morning
• Coming Up
• Currencies
• Other FX
• Equities
• Commodities
• Interest Rates
• Carbon Price
• Policy Meeting Run
• NZD exchange rates
• NZD/USD Forward Points
• NZD/AUD Forward Points
• Contact Details

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