Peace for Middle East, hopes for China deal
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What is the significance of the recent peace deal in the Middle East for markets?
Peace in the Middle East. Undoubtedly good news and good work by the US President, but markets are more concerned about China. But it's definitely been Taiko trade on Monday, uh, with equities bouncing back, and so has the Aussie dollar. But data-wise, slim pickings, except earnings season starting in earnest today with banks reporting, and that could be what provides a reality check to the equity markets. Or maybe AI will just keep them going. It's Tuesday, it's the fourteenth of October twenty twenty five. It's the morning call from Nab. Good morning. Well, the US dollar is up another quarter percent, getting over ninety-nine point three on the DXY overnight. This time, though, the Aussie is up as well, rising three quarters of one percent to sixty-five point two US cents.
Big rises in US equities. The Nasdaq is up over two percent, one point six percent for the SP, shares rising in uh Europe as well, although not to the same extent. And the US bond market closed on Monday. But oil is higher, one point one percent for WTI, one percent for Brent. Up over 6340 a barrel, it was higher earlier, and gold. Well, that's up 3.1% for comics, 2.2% for spot gold, both well over $4,100 now. But silver uh is up 7.1%, it's up more than a third so far this month, and copper making big moves as well this morning. And we've got peace in the Middle East. Who'd have thought it? Hostages have been released. Palestinian prisoners released, a ceasefire signed. At least for the first part of the deal.
Anyway, let's hope it lasts. This could be Donald Trump's crowning achievement, couldn't it? Uh Nabs Rodrigo Catrul is here joining me in Sydney. So how do markets respond to news like this? I mean not much seems to be the answer, but we have got that rise in in oil and uh, you know, more confidence generally, so perhaps it's brushed off a little bit into markets.
Um yeah, Moneyfield, um yeah, un unfortunately in terms of I mean this is these are great news and and as you say if this this this um holds it it will be an amazing achievement uh for President Trump. Um but in terms of markets uh we all kind of headlines and market movements have really been driven by uh particularly you know the the the tensions between the US and China and and as you mentioned particularly in the Commodity markets you've seen kind of those uh particularly in copper, uh you know, short shorts being squeezed and then you've seen big big movements in in uh in in those commodity prices as well.
How did the release of hostages and prisoners affect the US dollar and Aussie dollar?
So it's still a sort of a China US tension driving driving the the narrative and and the price action. But on the background, you know, that that deal in in terms of Hamas it's it's it is really exceptional and great news.
So the copper price going up, I mean, kind of makes sense because that you'd say, well, okay, there's gonna be more demand if we've got an economy that picks up if US and China uh don't, you know, create a stalemate between themselves. But gold's still going higher? Silver's been really going higher because gold has reached a point at which people are n are nervous about it being overvalued and so perhaps they turn to silver. But I mean th that still says uncertainty. Well, I think that's a good thing
Yeah, so I mean the the the gold story is um it's not just an you know us if you like looking for alternatives and safe havens but there's there's a structural issue going on there that still seemingly has a lot to play out in terms of you know the likes of China and uh um sovereign wealth funds uh looking to increase their uh the holdings of gold and in terms of diversification and moving away from from the US. dollar. So so that that's a thematic that that still seem seems to be very, very supportive. So there's a longer term story than just today. This is a longer term story than just today which of course Which of course
which we talked about last weekend, of course.
Yeah, exactly. But uh in terms of obviously the US China tensions, it is yet another reason why you you should be sort of looking for those alternatives.
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Chapters
5 chapters
1
What is the significance of the recent peace deal in the Middle East for markets?
0:02–2:25
2
How did the release of hostages and prisoners affect the US dollar and Aussie dollar?
2:25–6:41
3
Why are US‑China trade tensions still the dominant market theme?
6:41–10:12
4
What is driving the recent surge in copper, gold, silver and oil prices?
10:12–13:57
5
Can the rebound in US equities hold amid earnings season and AI hype?
13:57–15:31