Westpac Banking Corporation
June 1, 2026
Morning Report
Daily UpdateEquitiesRates Govt BondsFXMaterialsInformation Technology
Global markets began June with optimism as a potential Iran deal boosted equities and lowered oil prices, despite ongoing regional conflict in Lebanon. US indices reached a nine-week winning streak while Australian yields fell following global trends.
Key Takeaways
- 1.Market optimism was driven by the perceived imminence of an Iran deal, though geopolitical tensions in Lebanon remain a risk factor.
- 2.US equity markets maintained strong momentum, achieving their ninth consecutive winning week.
- 3.Bond yields and oil prices eased simultaneously as a potential truce in the Middle East lowered risk premiums.
Table of Contents
- Key themes
- Data snapshot
- Financial Markets
- Today's key data and events
- International Data
- Local Data
- Corporate Directory
- DISCLAIMER
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Authors
Luka Belobrajdic
Securities
SPXAS51AUDUSDBrent Oil
Themes
Geopolitical risk and diplomacy (Iran agreement)Monetary policy trajectory and yield curve flatteningContraction in Chinese industrial activity
Regions
North AmericaAsia PacificEuropeAustraliaUnited StatesChina