Morning Report

Positive risk sentiment is driving global equities higher as markets anticipate a deal between the US and Iran. Meanwhile, hawkish comments from the Fed and upcoming Australian inflation data are focusing investor attention on the interest rate outlook.

Key Takeaways

• 1.Global risk sentiment is being driven higher by optimism regarding a potential deal between the US and Iran to reopen the Strait of Hormuz.
• 2.The US Federal Reserve may shift its stance as FOMC member Waller expressed support for removing 'easing bias' language due to persistent inflation.
• 3.Australian local inflation data released later this week will be critical for determining RBA interest rate expectations for June and August.

Table of Contents

• Key themes
• Data snapshot
• TODAY'S INSIGHTS
• Financial Markets
• International Data
• Local Data
• Corporate Directory

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