New oil highs, AI distractions and Yen manipulation?

About this episode

Phil Dobbie discusses rising oil prices, equity market reactions, and Yen manipulation with Ken Crompton.

Friday 1st May 2026 NAB Markets Research Disclaimer   Financial Services Guide | Information on our services -   NAB Oil rose to its highest level since the closure of the Strait of Hormuz before retracing and ending up lower than a day ago. Why? Phil talks to NAB’s Ken Crompton. Certainly it's not due to progress on peace talks, quite the reverse. But equity markets have risen on the back of healthy tech earnings results – although some did better than others. The Bank of England and ECB both kept rates on hold but made noises to suggest that rate hikes could be on the agenda if we see second round effects from rising oil prices. And the Yen rose sharply, with the suggestion that its down to intervention by the MoF. US ISM is the main data point tonight. Hosted on Acast. See acast.com/privacy for more information.

People in this episode

Host: Phil Dobbie

Guest: Ken Crompton

Topics covered

• oil prices
• AI distractions
• Yen manipulation
• equity markets
• central bank policies

Keywords

• oil prices
• Yen
• Bank of England
• ECB
• equity markets
• tech earnings
• ISM

Mentioned in this episode

Organizations: Bank of England, ECB

Places: Strait of Hormuz

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