Friday: Oil back at US$99/barrel despite Israel ceasefire

About this episode

The episode discusses rising oil prices amidst geopolitical tensions and features an interview with ANZ's Chief Economist on China's economic outlook.

US stocks are solid after a 10-day ceasefire between Israel and Lebanon was announced, but oil has risen as the Strait of Hormuz remains closed. And Australia’s jobs market doesn’t tighten, which may help the Reserve Bank of Australia. And then in our deep-dive interview, ANZ Chief Economist for Greater China Raymond Yeung analyses China’s economic prospects after a strong Q1. Before accessing this podcast, please read the disclaimer at ⁠https://www.anz.com/institutional/five-in-five-podcast/⁠

People in this episode

Host: ANZ

Guest: Raymond Yeung

Topics covered

• oil prices
• US stocks
• Israel ceasefire
• Australia jobs market
• China economic prospects

Keywords

• oil prices
• US stocks
• Israel
• Lebanon
• China economy

Mentioned in this episode

Places: Australia, Israel, Lebanon, Strait of Hormuz

More episodes of 5 in 5 with ANZ

• Friday: Oil slides after Trump calls off strikes · June 11, 2026 · 10 min
• Thursday: US core CPI indicates weak demand · June 10, 2026 · 10 min
• Wednesday: Markets volatile before US CPI data · June 9, 2026 · 10 min
• Tuesday: Stocks bounce, but oil up as conflict resumes · June 8, 2026 · 8 min
• Friday: Markets eye rate hikes to bolster yen, rupee & won · June 4, 2026 · 9 min
• Thursday: Australian GDP growth slows · June 3, 2026 · 9 min