Monday 4th May 2026
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It certainly seems likely that the war between Iran and USA/Israel will continue for some time to come with Donald Trump likely to reject Iran’s 17-point peace deal claiming that they haven't paid the price yet for the damage they've done over the decades. Still, as Phil discusses with NAB's Rodrigo Catril US equities continued to climb hitting new highs again on Friday. The US President has also taken aim at Europe claiming that they are not following the terms of the trade agreement and saying that he will impose a 25% tariff on European cars as well as pulling out 5000 troops from Germany. This week a lot of the focus will be on the RBA, and non-farm payrolls from the US on Friday, with a swag of European data in the middle of the week as well.
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