Tuesday: Stocks bounce, but oil up as conflict resumes

About this episode

The episode discusses the rebound of US stocks, rising oil prices amid renewed conflict in the Middle East, and features an interview with Jennifer Kusuma on Indonesia's currency issues.

US stocks rebound overnight, but oil is slightly higher this morning after conflict between Iran and the US & Israel erupted again yesterday, although a cease fire is in place again now. And strong US jobs data shifts Federal Reserve rate expectations. In our deep-dive interview, ANZ’s Senior Asia Rates Strategist Jennifer Kusuma examines the slump in Indonesia’s rupiah to record lows in recent days. 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: Jennifer Kusuma

Topics covered

• stocks
• oil prices
• US jobs data
• Federal Reserve
• Indonesia rupiah
• Middle East conflict

Keywords

• stocks
• oil
• US jobs data
• Federal Reserve
• Indonesia rupiah
• Middle East conflict

Mentioned in this episode

Places: Iran, US, Israel, Indonesia

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
• 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
• Wednesday: Australian GDP growth to ease · June 2, 2026 · 9 min