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Financial Services

Westpac Banking Corporation

04/07/2026 | Press release | Distributed by Public on 04/06/2026 18:51

Morning Report

Morning Report PDF (PDF 266KB)

Key themes:

Risk sentiment remained fragile as President Trump's ceasefire deadline approaches (8pm Washington time).
Iran reportedly rejected a US ceasefire proposal, with President Trump warning the country "could be taken out in one night," adding that any ceasefire must include reopening the Strait of Hormuz. Escalation risks rose further after the WSJ reported the US is preparing potential strikes on Iranian energy assets.
US equities pushed higher but lacked direction, oscillating between gains and losses throughout the session. European and local markets were closed.
Bond and currency markets were little changed, with the Australian dollar edging 0.3% higher to 0.6917.
Oil prices pushed higher, with WTI rising to US$115.50/bbl.

Westpac Banking Corporation published this content on April 07, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 07, 2026 at 00:51 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]