A mega TACO moment

A mega TACO moment

From NAB Morning Call by Phil Dobbie

June 11, 2026 · 15 min · Season 10 · Episode 126

About this episode

Phil Dobbie and Ray Attrill discuss a significant market reversal triggered by a potential US-Iran peace deal announcement and its implications on oil prices and stock markets.

Friday 12th June 2026 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services - NAB A major coordinated market reversal took place overnight as Donald Trump posted a dramatic Truth Social message stating that a comprehensive US-Iran peace deal is "just about done," prompting an immediate unwind of trades built on escalating tensions. NAB's Ray Attrill joins Phil to dissect this massive shift, which saw Brent crude plunge back below $90 a barrel, US Treasury yields drop 9 basis points, and the Nasdaq snap back into a roaring 3.5% rally. Yet Iran's semiofficial Fars news agency swiftly downplayed the announcement, stating no text has been formally approved. Beyond the Gulf,: the European Central Bank delivering its first interest rate hike since 2023 to combat broad-based inflation pressures, and today sees the historic debut of the largest initial public offering (IPO) in global history, dwarfing Saudi Aramco with a mind-boggling valuation.  Hosted on Acast. See acast.com/privacy for more information.

People in this episode

Host: Phil Dobbie

Guest: Ray Attrill

Topics covered

  • market reversal
  • US-Iran relations
  • interest rate hike
  • oil prices
  • stock market rally
  • initial public offering

Keywords

  • market reversal
  • US-Iran peace deal
  • Brent crude
  • Nasdaq
  • interest rate hike
  • IPO
  • Donald Trump

Mentioned in this episode

Organizations: Fars news agency, European Central Bank, NAB, Saudi Aramco

Products: Brent crude, Nasdaq

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