Bassanese Bites-RBA to hike
you are currently viewing::Bassanese Bites-RBA to hikeMarch 15, 2026-Global stocks continued to weaken last week, as the ongoing war in Iran kept oil prices high. Global week in review: stalemate Global stocks remained under pressure last week, with the Iran war pushing oil prices higher. Despite extensive bombing, the Iranian regime remains in place and the conflict has effectively blocked the Strait of Hormuz. With equities down and bond yields up, pressure is seemingly mounting on US President Donald Trump to declare victory and walk away. Markets thought the TACO ('Trump Always Chickens Out') moment had come early last week when Trump declared the war was "very complete, pretty much". But like the Iranians, he then spent the rest of the week digging in, with Iranian taunts on social media hardly helping if he was looking for a face-laving exit. Source: betashares.com.au |
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