Tuesday 7th April 2026

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Taylor Nugent joins Phil Dobbie to discuss the "ratcheting up" of geopolitical tensions as President Trump issues stark warnings and Iran threatens regional infrastructure while maintaining its closure of the Strait of Hormuz. Despite the escalatory rhetoric, global markets showed surprising resilience over the Easter long weekend, though oil remains elevated with Brent hovering near $110 a barrel. They also dissect the latest U.S. non-farm payrolls data, which surprised on the upside with 175k jobs added in March, even as the ISM Services index signalled underlying employment weakness and persistent price pressures. With a light data calendar ahead, the focus remains firmly on the Middle East and upcoming inflation prints from the U.S. and China.

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