Episode
Xiing is Believing
- Podcast
- NAB Morning Call
- Published
- May 17, 2026
- Duration seconds
- 964
- Processing state
not_requested- Canonical source
- https://shows.acast.com/morningcall/episodes/xiing-is-believing
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Summary
Monday 17th May 2026 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB Just when markets were hoping for a diplomatic breakthrough, it’s clear the Chinese leader sees it as America’s problem. Donald Trump’s blunt dismissal of the latest Iranian proposal has sent global markets into a dramatic tailspin. Phil talks to NAB’s Sally Auld about Friday's sharp risk-off move, which saw equities tumble and Brent crude surge toward $110 a barrel as the Polymarket odds of the Strait of Hormuz reopening this month collapsed to a measly 5%. While U.S. Treasury Secretary Scott Bessent tries to calm nerves by calling the bond sell-off a temporary inflation blip, 10-year Treasury yields have added 11 basis points, and the UK remains in its own self-induced political fix as Andy Burnham’s leadership gamble pushes gilt yields up by a striking 18 basis points. This escalating geopolitical storm completely overshadowed surprisingly resilient U.S. industrial production data, leaving G7 finance ministers meeting in Paris today with a messy combination of a soaring U.S. dollar, collapsing consumer certainty, and the looming reality of a hawkish central bank response. Hosted on Acast. See acast.com/privacy for more information.