5 in 5 with ANZ

The Reserve Bank of Australia cuts 25 basis points, but considered a 50-point cut amid global uncertainty, sending the Aussie dollar down overnight. US stocks fall amid budget concerns. China cuts key lending rates, and Asian exports surge through April. In our deep-dive interview, ANZ Head of Australian Economics Adam Boyton explains why he expects the Reserve Bank of Australia will next cut rate...

International investors sell US assets after Moodys cut the US sovereign credit rating. The UK does a trade deal with the EU. The wealth effect from China’s property market slump is still on consumption. The RBA is expected to cut 25 bps today, but be cautious about more. And Thailand’s stronger-than-expected GDP flatters to deceive. In our deep-dive interview, ANZ’s Group Chief Economist Richard...

US consumer confidence slumps, but markets are firm, hopeful the Fed can cut, but that may be a while off. Asian markets will watch key economic data from China today, and ANZ Research has lifted its New Zealand inflation forecast a bit. In our deep-dive interview, ANZ’s Head of FX Research Mahjabeen Zaman takes a closer look at Moody’s downgrade of the US sovereign credit rating on Friday, due to...

US retail sales are soft and US producer prices fall. The RBA is expected to look through Australia’s jobs market surge in April, and New Zealand house prices appear to have turned a corner. In our deep-dive interview, ANZ Commodities Strategist Soni Kumari looks into shifting patterns in Chinese Gold demand, and what that might do to the Gold price. Before accessing this podcast, please read the...

US markets are mixed after Donald Trump’s partial de-escalation of tariffs on China. Investors are looking ahead to US retail sales data tonight. Australian wage growth beats forecasts before jobs data today, while housing lending fell before the election. And New Zealand’s migrant departures hit a new record high. In our deep-dive interview, ANZ Chief Economist for Southeast Asia and India, Sanja...

US stocks and oil bounce on lower US inflation and another cut in tariffs on China, sending the Aussie and Kiwi dollars up around 1.5% overnight. Lower inflation in India sets a path for a June rate cut. And consumer confidence rises again in Australia. In our deep-dive interview, ANZ Economist Vicky Xiao Zhou analyses the US-China trade deal, and what to expect next. Before accessing this podcast...

US stocks, the US dollar and oil prices surged overnight on hopes a US deal with China to both slash their tariffs for 90 days will stick, and revive growth prospects. Gold, safe haven currencies and bond prices fell. Markets will now focus on US inflation data tonight. In our deep-dive interview, ANZ Australia Economist Sophia Angala analyses why China’s domestic growth means more for Australia’s...

The US reports substantial progress in weekend trade talks with China. A ceasefire between India and Pakistan is holding. China re-routed a lot of exports to Asia and Europe in April. ANZ Research raises its milk price forecasts in New Zealand to a record high $10/kg. In our deep-dive interview, ANZ Economist Bansi Madhavani explains a divergence that has developed between the economies of South K...

Markets rally after the US does a trade deal with the UK that keeps the 10% baseline tariff on most imports. The Bank of England cuts rates, but hawkishly. And exports from Taiwan and Vietnam jumped unexpectedly in April after US importers front-loaded shipments as soon as the 90-day US tariff pause started. In our bonus Deep Dive interview, ANZ Economist Dhiraj Nim looks at how the China-plus-one...

The Fed has held, as expected. China has lowered interest rates to cushion its domestic economy from the Liberation Day tariff shock. Those lower rates have unleashed extra funds going out of China and into Hong Kong, putting upward pressure on its currency peg with the US dolllar. And New Zealand jobs data was soft, despite a better than expected unemployment rate. In our bonus Deep Dive intervie...

US stocks fall on a lack of trade deals ahead of tomorrow’s FOMC decision. The US trade deficit blows out on import stockpiling ahead of Trump’s tariffs. The UK signs a trade deal with India, and China’s consumers spend strongly over a holiday weekend. In our bonus Deep Dive interview, ANZ’s Senior Rates Strategist Jack Chambers explains how Australia’s A$4 trillion pension savings system is reduc...

The Taiwan dollar surges, forcing central bank intervention. The Hong Kong Monetary Authority also intervenes to stop the Hong Kong dollar breaking its peg. Oil prices slide on extra production from OPEC. Indonesia is set to cut interest rates. In our bonus Deep Dive interview, ANZ’s Chief Economist for Southeast Asia and India, Sanjay Mathur, looks at whether a sharp selloff in India’s stock mark...

Oil prices are set to fall again with Saudi Arabia expected to force through a deal to increase output later today. Australia’s election result suggests incumbent Governments are safer than they used to be. ANZ Research trims its Australian GDP forecasts. And Indonesia’s GDP growth is softening. In our bonus Deep Dive interview, ANZ Senior Commodities strategist Daniel Hynes says metals markets sh...

US stocks jump on tech earnings, but a new US manufacturing survey points to rising chances of a US recession. The Bank of Japan holds dovishly, which drives the yen down. Australia’s exports jump in March pre-tariffs, while Korea’s exports fall in April. In our bonus Deep Dive interview ANZ New Zealand Chief Economist Sharon Zollner looks at the prospects of lower business confidence feeding into...

US GDP falls for the first time since 2022. US stocks slide 0.5% and oil prices fall 3.4%. Lower core inflation in Australia lends support to the RBA cutting in May, New Zealand business confidence slumps on the tariff shock, and the Bank of Thailand cuts. In our bonus Deep Dive interview ANZ Economist Dhiraj Nim analyses foreign direct investment flows in Asia, with some interesting findings on o...

US stocks firm, but oil prices slide after another slump in US consumer confidence drove growth views and Treasury yields lower. Australian consumer confidence falls, and Australia’s inflation rate is forecast to be lower in March quarter data out today. In our bonus Deep Dive interview ANZ Head of Asia Research Khoon Goh analyses Vietnam’s growth prospects as it scrambles to get a trade deal with...

US stocks and the US dollar are down again on nerves about tech earnings. China exempts some US imports from tariffs, but a wider deal is unlikely. And ANZ Research changes its Bank of Japan call to no hike this week, from a hike. In our bonus Deep Dive interview, ANZ Economist Krystal Tan reviews how South Korea’s political turmoil put its economy on the back foot before the tariff shock. Before...

Signs the sharp edges are coming off the global trade war have lifted US stocks and the US dollar, which means the Aussie and Kiwi dollars start lower this morning. South Korea’s economy weakened before the tariffs, while consumer confidence rises in New Zealand. In our bonus Deep Dive interview, ANZ Group Chief Economist Richard Yetsenga says markets may be welcoming some positive tariff news, bu...

US stocks and the US dollar rallied overnight on hopes Donald Trump will cut tariffs on China, and after he said he doesn’t want to fire the Fed’s chair. But business surveys in the United States and Europe show economic activity has already softened. In our bonus Deep Dive interview, ANZ Economist Vicky Xiao Zhou analyses goods trade data to explain why Trump may be easing his tariff rhetoric in...

US stocks rally as the US Treasury Secretary says the US-China trade conflict is unsustainable and is likely to ‘de-escalate’ soon. But surveys show weaker US economic activity in April due to tariff uncertainty. Also: gold backs off a new high. In our bonus Deep Dive interview, as ANZ Research downgrades its Asia-ex China growth forecasts, ANZ Chief Economist for Southeast Asia and India Sanjay M...

The ‘Sell America’ trade is back with a vengeance this morning after Donald Trump threatened the Fed’s independence again. The ECB cuts rates, with further easing expected, and Australia’s jobs market stays strong ahead of expected RBA rate cuts. In our bonus Deep Dive interview, ANZ Group Chief Economist Richard Yetsenga analyses the risks inherent in Donald Trump’s comments challenging the US Fe...

Global stocks slump again after Donald Trump restricts Nvidia chip exports to China. Safe-haven buying blasts Gold to US$3,349/oz. ANZ Research cuts its growth forecasts for US and China, and lowers its cash rate view for New Zealand In our bonus Deep Dive interview ANZ Economist Vicky Xiao Zhao explains ANZ Research’s downgrade to its China growth forecasts as tariff uncertainty takes hold. Befor...

Stock markets were stable overnight although the volatility may be short-lived. The Reserve Bank of Australia opens up for a May rate cut, while tariff uncertainty starts to show through in Australian consumer confidence. In the second part of a bonus Deep Dive interview on the US dollar’s reserve currency status, ANZ’s Senior Rates Strategist Jack Chambers explains why the Aussie dollar’s relatio...

Global markets find some rare stability after Donald Trump’s temporary pivot on computer and phone imports. China’s exporters are stopping shipments anyway. Singapore eases monetary policy. New Zealand’s economic recovery appears to stall. In the first part of a bonus Deep Dive interview with ANZ’s Senior Rates Strategist Jack Chambers, he talks about the US dollar’s reserve currency status — its...

The White House quietly exempted computers and phones from reciprocal import tariffs on Friday night after markets closed, but a Trump official has said the exemption is temporary. US consumer confidence slumps. Gold hits a record high. In our bonus deep dive interview, ANZ’s Senior Commodities Strategist Daniel Hynes explain why oil prices have fallen more than 15% in the last fortnight. Before a...