Tuesday 11th August 2026
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On a session that’s been light on for data the focus has been on the two major undercurrents of the year. First, the Gulf. Oil pushes a little higher as talks have taken a back seat and the US seems prepared to wait it out as their blockade hits the Iranian economy. Shares were down a little as a consortium announced a half trillion-dollar funding package for AI. Phil asks NAB’s Sally Auld if the market response is a signal that some are still worried about a bubble? Today the focus is the NAB Business Survey and the RBA. A hold is likely and markets aren’t fully pricing a hike at all this year, but could that change?
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