Kicking off again

Friday 7th August 2026NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABFighting has kicked off again in the Middle East, this time the Houthis attacking Saudi supported territory in Yemen, with a significant loss of life. Could this open up the troubles on another front, drawing Saudi Arabia further into the conflict. Meanwhile, a deal on the reopening the Strait still hasn’t happened. The net effect oil is back on the rise, and the Aussie dollar has lost ground. What happens next will be a focus today, along with labour market data for the US and Canada. As Phil discusses with NAB’s Ken Crompton there has been a series of data suggesting strength in the labour market – for example, last night’s weekly jobless claims fell below 200k (for the 4-week average) for the first time since October 2022. Hosted on Acast. See acast.com/privacy for more information.