Bank of America bets on ‘outsized price movements’ in Australia’s bond market as investors rotate away from the U.S.
Strategists at the investment bank are forecasting a rise in demand for Australian debt.
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- Iran’s parliament backs blocking Strait of Hormuz. Its closure will alienate Tehran furtherThe Straits are the only sea route from the Persian Gulf to the open ocean, and about 20% of the world's oil transits the waterway.
- Russia watches on as ally Iran is pummeled — and it's unlikely to go to Tehran's rescueWhile Iran has helped ally Russia in its fight against Ukraine, there might be little that Moscow can or will do now to repay the favor.
- Dollar surge could be short-lived after U.S. strike on IranAnalysts say the dollar rally is masking concerns over U.S. fiscal policy, trade wars, and weakening international demand for U.S. assets.
- European markets start the week lower as Middle East crisis worsensJoin CNBC for live updates on European markets.
- Stocks futures tick higher despite the U.S. bombing of Iran as oil increase is muted: Live updatesOn Saturday, the United States joined Israel's war against Iran after attacking three key Iranian nuclear sites.
- NATO allies pledge to hike defense spending – but will they deliver?NATO meets for its annual summit this week, with allies being pushed and shoved to sharply increase their defense spending to 5% of gross domestic product.