Still Rising

Wednesday 29th April 2026

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Markets are wobbling, oil is surging, and the world’s central banks are lining up for a big week — but nothing is quite behaving the way you’d expect. Today Phil and NAB’s Sally Auld unpack why oil keeps climbing even as the UAE walks out of OPEC, how OpenAI’s internal stumbles have rattled global equities, and why consumer confidence is mysteriously improving just as fuel prices bite. We’ll dig into the Bank of Japan’s split decision, the jump in euro‑area inflation expectations, and what Australia’s CPI means when “core” no longer tells the whole story. And what to watch as the Fed, BoC, ECB and BoE all step up this week.

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