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Oil emergency, Flash PMIs, and RBA hike fallout
Last week was as consequential as advertised. The RBA hiked, the Fed held, and markets barely had time to process any of it before reports emerged that Israel had struck Iran's South Pars gas field. The week ahead brings fewer central bank decisions, but it may be just as important for markets. Flash PMIs will offer the first broad read on whether the war is already showing up in business confidence. Australia's February CPI is the domestic data point that matters most for the RBA's next move. And the oil market remains the dominant macro variable. Quick facts: Brent crude spiked above $110 per barrel after Israel ... (full story)
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