Thursday 7th May 2026

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Markets are running on hope again today, with the US issuing a memorandum of understabd to Iran, with the hope that month long peace talks could be about to start. Presidnet Trump also cancelled Operation Freedom yesterday. Markets have taken this all as good news, even though the Straits remain closed and oil reserves continue to fall. NAB’s Ken Crompton joins Phil to talk through the positive market sentiment today, as well as delving into jobs numbers in the US and New Zealand. Australia’s trade surplus figures today will be impacted by the price of oil. That’s simple maths, says Ken. 

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