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NAB Morning Call · Monday · 15 min

Open Tomorrow. Or Not.

Tuesday 4th August 2026 NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NAB President Trump says the Strait of Hormuz will open as soon as tomorrow. As Phil suggests to NAB’s Sally Auld that means markets only have to wait 24 hours to be disappointed, but the net reaction has been a sharp fall in oil prices and rises in shares. Sally also talks about how the joint currency action on the Yen between the US and Japan marks a new era where allies work together on financial outcomes. In the US a strong ISM report signalled continued strength for the US economy, whilst in Australia we saw house prices fall again and await household spending data today. Hosted on Acast. See acast.com/privacy for more information.

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Tuesday 4th August 2026


NAB Markets Research Disclaimer 

Financial Services Guide | Information on our services - NAB


President Trump says the Strait of Hormuz will open as soon as tomorrow. As Phil suggests to NAB’s Sally Auld that means markets only have to wait 24 hours to be disappointed, but the net reaction has been a sharp fall in oil prices and rises in shares. Sally also talks about how the joint currency action on the Yen between the US and Japan marks a new era where allies work together on financial outcomes. In the US a strong ISM report signalled continued strength for the US economy, whilst in Australia we saw house prices fall again and await household spending data today.

Hosted on Acast. See acast.com/privacy for more information.

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