Taking stock

NAB Morning Call · Aug 5, 2026 · 14m

Thursday 6th August 2026NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABEverything's on hold it seems. There have been no big moves in oil prices because, as NAB’s ray Attrill explains, there’s still no definitive news on the strait, although an interim agreement between Oman and Iran has been drafted, but will still need US approval. Shares have lost their momentum, although the S&P has squeaked ahead to a new high. SpaceX took a hit as investors responded unfavourably to spending plans. US ISM data was strong, but not as compelling as the upward…