Monday 15th June 2026 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB NAB’s Sally Auld joins Phil to discuss a week where markets are responding to the shifting realities of a proposed U.S.-Iran peace deal. Deep optimism over a potential memorandum of understanding opening the Strait of Hormuz toll-free pushed Brent crude down to $87.30 a barrel and led to sharp gains across European equities. Looking ahead to a massive week of central bank decisions—including the Fed, Bank of England, and a highly anticipated Bank of Japan hike—the focus turns to the RBA&#x27;s upcoming statement. Sally expects the board to maintain its steady path while striking a balanced tone; the RBA will likely acknowledge cooling domestic activity via soft housing metrics and dropping capacity utilization rates, yet remain anxious over sticky inflation pipelines, leaving the truly consequential policy and forecast revisions till their August meeting. Hosted on Acast. See acast.com/privacy for more information.

A few hours away

NAB Morning Call

The extension to the ceasefire in the Gulf remains a few hours away. It's been that for a while, but hopes remain high, although an Israeli attack on Beirut hasn't helped over the weekend. There's that, and then there's a week awash with central bank meetings, including the RBA tomorrow. We've got Sally Old to talk us through all of that. It's Monday, it's the 15th of June, 2026. It's the Morning Call from NAB. Good morning. Well, equities rose on Friday, up 0.3% for the NASDAQ, half a percent for the S&P,

but bigger leaps forward in Europe, so a 2.2% rise in the Eurostoxx 50. The FTSE, the DAX and the CATC on all up between 1.6% and 1.8%. SpaceX started trading on Friday, of course. Its fixed price was 135. It opened at 150 and closed at around 161. So to infinity and beyond day one for SpaceX. And big falls in oil on Friday, 3.4% off Brent, 3.2% off WTI. Brent down to 87.30 a barrel.

It was a bit all over the place, though. We'll talk about that in a second. The US dollar fell a little on Friday as well, but so did the Aussie dollar, sitting just below 70.5 US cents. The Korean won was the big move. That's up 1%. And bond yields up a little in the US, up two basis points for 10-year treasuries. But in Europe, well, big falls, a seven basis point fall in UK, 10-year gilt yields. Yields down six basis points in France, four in Germany, eight in Italy. And here comes NAB's Sally Old.

A few hours away

Read the full transcript

The candid version is on a podcast,
not the earnings call.

A few hours away

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.