Wednesday: Oil jumps on Iran attack on Israel

Oil prices have jumped, US Treasury yields US stocks are down and the US dollar is up in a flight to safety after reports that Iran has launched missiles at Israel; the US labour market is showing signs of resilience, while rate cut expectations in Europe have been boosted by lower inflation overnight. In our bonus Deep Dive interview, ANZ Economist Maddy Dunk discusses how sales in the lead up to Fathers’ Day in Australia helped retailers in August. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/