Capital.com Australia

Desk Note (AU) | Thu 28 May 2026, 08:21 AEST Oil dropped sharply overnight. Trump said he is "not satisfied" with Iran talks and ruled out sanctions relief in exchange for enriched uranium. He also said the US will "watch over" the Strait of Hormuz but no one will control it. Micron + other semis retrace from highs. Market tone: S&P 500 7,520 (+0.02%), Nasdaq 26,675 (+0.1%) WTI $89.47 (-4.7%), Brent $95.01 (-4.6%) Natural gas +5.0% USD/JPY 159.53 Today watch: Not a huge amount on the cards in AU hours. NZ budget release. US jobless claims overnight. Info only. Platform data reflects aggregated activity; not market-wide.

Desk Note (AU) | Wed 27 May 2026, 08:34 AEST Equities printed fresh records overnight, with Micron joining the trillion-dollar club after a 16% session and UBS lifting its price target from $535 to $1,625. The AI memory cycle is doing most of the index work. The US and Iran are in late-stage talks on a framework that includes a 60-day ceasefire, the Strait of Hormuz reopening without tolls, sanctions relief, mine clearing, and disposal of enriched uranium. Control of the waterway is still disputed. The Brent and WTI split reflects that Hormuz risk applies to seaborne crude, not US production. Market tone: S&P 500 7,519 (+0.6%, record) Nasdaq 26,656 (+1.2%) Brent ~$99.6 (+3.6%), WTI ~$93.6 (-3.1%) Gold ~$4,490 (-1.7%) Aluminum ~$3,670 (4-year high) Info only. Platform data reflects aggregated activity; not market-wide.

The best decisions happen before you act. A redesigned interface that removes the noise. Shortcut navigation that puts tools exactly where you need it. Real-time trading analytics that show you how you've been trading, not just what you've earned. And an AI assistant that surfaces market information as you search. Your trading experience, rethought. Explore now: capital.com/en-au Trading on CFDs is high risk and is not suitable for everyone. Refer to Capital.com Australia's PDS and TMD. AFSL 513393

$FUTU shares trading -35% pre-market on this news reuters.com/world/asia-pac…

Desk Note (AU) | Tue 19 May 2026, 19:19:56AEST Markets are cooling after the latest run higher in oil, with fading optimism around an Iran deal offsetting Trump’s decision to hold off on strikes for now. Market tone: Brent ~$109.8 (-2.1%), WTI ~$107.4 (-1.1%) US futures softer (Nasdaq -0.5%, S&P -0.2%) Asia weaker, Europe firmer Rates remain the bigger issue underneath. Long-end yields keep grinding higher, with markets questioning how much room central banks really have if inflation stays tied to energy and supply constraints. Today watch: whether oil can break lower from here, and if bond yields continue to pressure broader risk assets. Info only.

We're delighted to be named Title Partner of the 2026 Australian Open

Spot silver falls 7%

Desk Note (AU) | Fri 15 May 2026, 16:13:06 AEST Trump and Xi wrapped a second day of talks in Beijing. Trump said the discussions produced “fantastic trade deals”. Oil is holding firm despite the more constructive tone around US-China relations. The market is still pricing constrained supply and disruption around Hormuz, even as Beijing publicly pushes for the Strait to reopen. The KOSPI was -5% led by Samsung. Sterling fell to 1 month lows on UK political instability. Market tone: Brent ~$107 (+1.2%), WTI ~$102.5 (+1.3%) US futures softer (S&P -0.3%, Nasdaq -0.4%), much weaker European open expected. Next week watch: whether oil starts to roll on improved diplomacy or stays bid on physical tightness, and how rates trade with Powell officially out. Info Only.

Desk Note: Weekly Market Review from Kyle Rodda | Friday 15th May 14:59 AEDT Disclaimer: This video is general information only and does not constitute financial product advice. Trading leveraged products (including CFDs) carries a high risk of loss and may not be suitable for all investors. Past performance is not a reliable indicator of future results. Consider your objectives and risk tolerance and seek independent advice if needed.

Desk Note (AU) | Monday 11 May 2026, 08:05:42 AEST Energies open higher with both the US and Iran rejecting terms of proposed deal. Brent and WTI both +2.5% Spoos -0.35% Info only.

Desk Note: Weekly Market Review from Kyle Rodda | Friday 8th May 13:44 AEDT Wall Street’s rally, oil and currency moves, the ASX200, AUD/USD, and the key US jobs and inflation data ahead Disclaimer: This video is general information only and does not constitute financial product advice. Trading leveraged products (including CFDs) carries a high risk of loss and may not be suitable for all investors. Past performance is not a reliable indicator of future results. Consider your objectives and risk tolerance and seek independent advice if needed.

Desk Note (AU) | Fri 8 May 2026, 08:37:42 AEST Oil is back up after fresh US strikes in the Hormuz area, targeting Iranian-linked facilities tied to recent attacks. Iran says it responded by firing missiles at US naval assets, accusing Washington of breaching the ceasefire. Authorities are tracing 29 passengers who disembarked from the MV Hondius at Saint Helena before a hantavirus outbreak was confirmed. The WHO says the overall risk remains low and not pandemic-scale. Pres. Trump threatened to impose higher tariffs on the EU by July 4 unless the bloc cuts its tariffs on US goods to zero. Market tone: WTI ~$97 (+2.0%), Brent ~$102 (+1.0%) Equities lower, ASX 200 expected to open -1.7% Today watch: Whether this escalates further ****Non farms tonight*** Info only.

Desk Note (AU) | Wed 6 May 2026, 11:53:54 AEST Oil eased overnight after Trump said the US would pause efforts to guide stranded ships out of Hormuz to allow time for a potential deal. Risk sentiment improving. US futures higher, Asia firmer. USD softer. Latest prints: Brent ~$106.6 (-1.8%), WTI ~$98.2 (-1.7%) US 500 +0.26%, Europe +0.5–1.0%, Japan +2.7% Gold +1.5%, Silver +2.7% AUD/USD ~0.723 (+0.7%) Equities are responding in line, broad gains across regions while metals are bid. Today watch: whether talks progress, and if crude continues to ease or stabilises with the blockade still in place. Info only.

Some brutal JPY moves today amid unconfirmed reports of intervention. Japanese markets remain closed Tuesday and Wednesday due to public holidays.

JPY being heavily bid

Desk Note (AU) | Mon 4 May 2026, 08:13:54 AEST Oil moved lower after Trump said the US would escort non-conflict vessels out of Hormuz. Iran has proposed a one-month window for talks to reopen the Strait and end the fighting, with Washington responding over the weekend. Opening prints: Brent ~$105.5 (-1.7%) WTI ~$97.8 (-2.0%) US 500 +0.16%, Gold +0.2%, Silver +0.6% Natural Gas +1.0% Crude is coming off recent highs as the US signals it will escort vessels out of Hormuz, reducing the risk of a full choke on flows. Equities are holding in, with no broad risk unwind, while metals are modestly bid. Today watch: whether Iran accepts US escort plan

Desk note: Weekly Market Review from Kyle Rodda | Friday 1st May 15:10:26 AEDT Earnings, interest rates, geopolitics. Disclaimer: This video is general information only and does not constitute financial product advice. Trading leveraged products (including CFDs) carries a high risk of loss and may not be suitable for all investors. Past performance is not a reliable indicator of future results. Consider your objectives and risk tolerance and seek independent advice if needed.

Desk Note (AU) | Fri 1 May 2026, 12:56:58 AEST Busy night. Tech is driving the tape again, but FX is now back in focus. Equities / earnings: Apple + strong outlook, guiding revenue up to ~17% US futures at record highs, pointing to follow-through in tech. Demand holding up, but CAPEX cost still under scrutiny Macro / geopolitics: Brent ~$112 (+1.4%), WTI ~$106 (+0.8%) Oil remains elevated with the Hormuz blockade in place Rates / FX:2Y yields ~3.9%, still firm Japan reportedly (Reuters sources) intervened in FX markets for the first time in ~2 years USD/JPY dropped from ~160.7 to ~155.5, yen up ~3% intraday HK and most European markets closed today due to the Labour Day holiday. Info only.

Desk Note (AU) | Thu 30 Apr 2026, 09:22:31 AEST Oil prices rose after Trump rejected Iran’s offer to reopen the Strait of Hormuz, reinforcing concerns that supply disruptions will persist. June Brent closed above $121, although move exaggerated due to expiry. July Brent $112.50 The Fed held rates in a split decision, and short-end yields moved higher as the path for policy became less clear. Equities were flat at the index level but mixed underneath. Meta fell after raising its capex outlook to $125–145bn, prompting questions around returns on AI spending. Alphabet rose on a clean earnings beat, while Microsoft’s cloud growth only narrowly beat expectations. Amazon outperformed after stronger-than-expected cloud sales. The combination of higher oil and firmer yields is holding pressure on valuations, even as equities remain broadly stable. Today watch: whether crude holds at these levels and how markets continue to price AI spending against the current rate backdrop.