Just passing through

NAB Morning Call · May 20, 2026 · 16m

Thursday 21st May 2026NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABThere were strong moves in positive sentiment today as several vessels sailed through the Strait of Hormuz, accompanied by hopes of some sort of deal with Iran. Brent Crude dropped in price and bond yields fell, particularly in Europe. NAB’s Gavin Friend says yields had started to fall on the back of weaker than expected CPI data in the UK. The Fed’s minutes this morning showed more members leaning towards rate rises this year. Australian employment data is out today. The…