Friday: Stocks surge & oil falls on peace deal report

Friday: Stocks surge & oil falls on peace deal report

May 21, 2026 · 10 min

About this episode

The episode discusses the surge in stocks and fall in oil prices due to hopes for an Iran peace deal, along with insights on factory activity and the jobs market, featuring an interview with Soni Kumari on the gold market.

Stocks spike and oil prices fall in late trade on hopes for an Iran peace deal. Factory activity slumps in Britain & Europe, but is solid in the US, and Australia’s jobs market softens, which may allow the RBA to hold rates. In our deep-dive interview, ANZ Commodities Strategist Soni Kumari analyses some key shifts in the gold market. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

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