Friday: Tech stocks fall & oil price jumps

US stocks fall overnight on AI valuation fears, oil jumps with talk of new strikes on Iran, and bond yields fall on safe haven buying. The Philippines hikes rates more than expected. And New Zealand inflation falls, but not enough to stop a rate hike next week. In our deep dive interview, ANZ Senior Economist Matthew Galt analyses how New Zealand’s house prices are tracking against measures of market fundamentals. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/