Global markets have shrugged off renewed US-Iran hostilities, viewing the conflict as contained. Meanwhile, focus shifts to upcoming US CPI/PPI data and FOMC Chair Warsh's testimony.
Key Takeaways
- 1.Financial markets largely faded geopolitical tensions in the Middle East, with oil prices and bond yields falling while stock markets rose.
- 2.The US commenced multiple waves of strikes against Iran, following threats and attacks on ships in the Strait of Hormuz.
- 3.Japan's Finance Minister requested pension funds to repatriate capital into domestic assets, causing a sharp rally in the Yen and JGBs.
Table of Contents
- Key themes
- Data snapshot
- Financial Markets
- Today's key data and events
- Local Data
- Corporate Directory
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Authors
Ryan Wells
Securities
S&P/ASX 200S&P 500Oil (WTI futures)
Themes
Central bank policy expectationsGeopolitical risk in the Middle EastJapanese capital repatriation
Regions
Middle EastAsia PacificEuropeUnited StatesIranJapan