Australia’s 10-year government bond yield hovered around 5%, trading in a sideways range near multi-decade highs as investors continued to monitor developments in the Middle East war. US President Trump issued an ultimatum for Iran to reopen the Strait of Hormuz, warning of strikes on bridges and power infrastructure if Tehran failed to comply, while Iran rejected the demand and a mediated ceasefire proposal, keeping geopolitical risk elevated.

Domestically, momentum weakened, with services PMI posting its sharpest drop since November 2023 and the composite index slipping into contraction in March for the first time in around 18 months. However, earlier data showed resilience, with household consumption rising in February and job vacancies up 2.7% over three months to February, signaling a still-tight labour market. Household spending, which makes up more than half of GDP, remains central to the Reserve Bank’s policy. Markets now price a two-in-three chance of a rate hike in May.

Octalas AI

الربح

الجميع يسارعون إلى خفض التكاليف. أما نحن، فنسرع نحو تحقيق الأرباح.

ابدأ البيع من خلال تقديم الخدمات

ابدأ الفترة التجريبية

مجانًا لمدة 14 يومًا · لا حاجة لبطاقة ائتمان