War, wages and algorithms

NAB Morning Call · Feb 18, 2026 · 15m

Thursday 19th February 2026NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABThings are heating up in the Middle East, with Iran getting itself ready in case talks fail. As a result oil prices have moved up sharply, with Brent back over $70 a barrel. While the geopolitical scene is tense, tech stocks are bouncing back, perhaps using a set of moderately optimistic second-tier data as the reason. Meanwhile NAB’s Gavin Friend talks through UK inflatioin, which has cooled to 3%, and Aussie wages holding steady at 3.4%. Australian employment numbers are…