Monday 11th May 2026

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Could we be on the verge of positive steps from the Gulf? Iran has responded to the US proposal and, as Phil points out, its not an outright rejection. This is also the week that President Trump meets President Xi, a discussion that could be critical to any solution in the Gulf. Meanwhile, US markets were buoyed by non-farm payrolls. NAB’s Skye Masters talks through the surprisingly strong results, even though the polar opposite was happening north of the border in Canada. It’s a busy week domestically with the NAB Business Survey tomorrow, and the wage price index and a the Federal Budget. Plenty to keep us all busy.

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