📊 Equities
US equity markets resumed trading on a strong footing overnight, led once again by the technology sector as investors balanced ongoing geopolitical tensions in the Middle East against improving risk sentiment. Despite fresh US strikes against Iran occurring alongside continued peace negotiations, markets appeared increasingly comfortable with the view that the conflict may remain contained for now.
🛢️ Oil
Oil prices reversed earlier losses to finish higher amid ongoing supply concerns, with Brent crude rising +3.51% to $99.51.
🥇 Gold
Gold weakened on the back of the stronger dollar, falling -1.37% to $4,507.88.
💵 Forex & Bonds
The US dollar strengthened against the majors. Treasury markets adopted a more optimistic interpretation of developments in the Gulf, sending yields sharply lower across the curve.
📌 Today’s Focus
Attention now turns to Australian CPI data and the Reserve Bank of New Zealand’s interest rate decision during the Asian session today.