5 in 5 with ANZ

US stocks are down as the White House points out total tariffs on China actually add up to 145%. Gold jumps to a record high.  China is set to cut interest rates in response to Trump’s tariffs. And New Zealand’s truck movements indicate a sluggish recovery. In our bonus deep dive interview, ANZ Group Chief Economist Richard Yetsenga analyses yesterday’s pivot by Donald Trump to pause global tariff...

Donald Trump pauses reciprocal tariffs for 90 days, unleashing a furious rally in stocks, but increases his tariff on China to 125% after China retaliates. The Reserve Bank of New Zealand cuts rates by 25 basis points as expected, as does the Reserve Bank of India. Meanwhile, the Yen is attracting safe-haven demand. In our bonus deep dive interview, ANZ Economist Sophia Angala reviews how Australi...

Global stocks initially rose overnight on hopes for trade deals, but are off their highs in late US trade on confirmation China’s exports will face a 104% tariff within the day. The RBNZ is set to cut today, but will it be 25 bps or 50? And confidence surveys in Australia and New Zealand show confidence rebounded, but that was before the tariff news. In our bonus deep dive interview, ANZ’s Group C...

Global markets are very volatile again this morning after Donald Trump threatened another 50% tariff on China. Hong Kong stocks fell 9.5%, their worst day since 1997. The Aussie dollar falls below 60 USc to a five-year low. The Kiwi is at a 16-year low. In our bonus deep dive interview, ANZ’s Chief Economist for Greater China, Raymond Yeung, looks at whether China will now push even harder to de-d...

Global stocks fall the most since March 2020 after Donald Trump’s Liberation Day tariff shock. The Aussie and Kiwi dollars slump after China retaliates. And ANZ Research now sees the RBA cutting three times this year, rather than once. In our bonus deep dive interview, ANZ’s Chief Economist for Southeast Asia and India, Sanjay Mathur, analyses the economic effects on India of the 26% tariff rate p...

US stocks, bond yields and the US dollar are down sharply after Donald Trump unveiled much higher than expected tariffs. Investors fear a US recession and higher inflation. Australia though may fare better, with gold exempted, and beef prices high. In our bonus deep dive interview, I spoke with ANZ Senior International Economist Tom Kenny late last night about what would be an unprecedented rise i...

US markets rose overnight, but are in a holding pattern ahead of Donald Trump’s big tariff announcements due at 7am Sydney/Melbourne time. Australia’s housing market picks up, while New Zealand building approvals stay sluggish, and inflation unexpectedly rises in South Korea in the middle of a rate cut cycle. In our bonus deep dive interview, ANZ FX Analyst Felix Ryan outlines ANZ Research’s work...

US markets are defensive ahead of ‘Liberation Day’ tariff news, just as weak US manufacturing and jobs data raises slowdown fears. The Reserve Bank of Australia holds rates, but hawkishly. Australian consumer confidence rises and retail sales keep recovering. In our bonus deep dive interview, ANZ Head of Asia Research Khoon Goh explains why Asian economies may be particularly nervous about the upc...

US stocks and more risk-sensitive currencies weakened ahead of President Trump’s ‘Liberation Day’ of tariff announcements. Gold jumps to US$3,160/oz. China’s factories brace for tariffs too. Australia’s bank lending growth is steady. In our bonus deep dive interview, Greater China Economist Vicky Xiao Zhou analyses the prospects for a second Plaza Accord-style deal on semiconductors between Taiwan...

US investors start the week nervously ahead of tariff news they’ve yet to fully price in. Gold hits a new high. Japanese inflation is rising, which is seen leading to another Bank of Japan rate hike. And New Zealand consumer confidence fell in March. In our bonus deep dive interview, ANZ’s Head of G3 Economics Brian Martin looks at who might be the winners and losers in the tariffs Donald Trump is...

US stocks trade cautiously after Donald Trump sets a 25% tariff on car and car part imports. Gold hits a record high US$3,100/oz. Australia’s Federal Government borrowing task has jumped, and the People’s Bank of China turns dovish. In our bonus deep dive interview, ANZ Head of Asia Research Khoon Goh analyses why heavy equity outflows from Asian economies are likely to keep flowing after a swathe...

US stocks slide on fears Trump will announce car tariffs tonight. UK inflation falls unexpectedly. Australia’s inflation rate slips as Budget rebates are set to keep repressing headline CPI. And Indonesia’s currency is the lowest it’s been since the Asian Financial Crisis of 1997. In our bonus deep dive interview, ANZ Commodity Strategist Soni Kumari tracks the fortunes of silver following record-...

US consumer confidence slumps into recession territory, Australia’s Budget reveals a surprise tax cut, while future spending plans sit near expectations. Oil prices fall as Ukraine agrees a partial ceasefire. In our bonus deep dive interview, ANZ Senior International Economist Tom Kenny analyses how the Federal Open Markets Committee’s projections for the US GDP have changed, and how rising uncert...

US stocks rally on hopes Donald Trump will soften the blow of tariffs due next week. Flash PMIs for the US economy reassure. ANZ Research raises gold forecast to US$3,200 an ounce. And all eyes tonight are on Australia’s Federal Budget. In our bonus deep dive interview, ANZ Senior Commodity Strategist Daniel Hynes reveals two vastly different approaches to slumps in cobalt and lithium prices. Befo...

ANZ Research has lowered its US growth forecast, while also nudging its China GDP forecast higher. Donald Trump’s big tariff day on April 2 will be a key moment for global markets, and Japan’s inflation is rising nicely for more Bank of Japan rate hikes. In our bonus deep dive interview, ANZ Head of Australian Economics Adam Boyton previews tomorrow night’s Federal Budget. Before accessing this po...

The Bank of England holds. New Trump sanctions on Iran pump up oil prices by 1.7%. Australia’s big jobs fall in February is not expected to force more RBA cuts, while New Zealand’s stronger Q4 growth shouldn’t stop RBNZ from cutting more. In our bonus deep dive interview, ANZ Economist Henry Russell digs into what led to New Zealand’s faster-than-expected growth at the end of 2024. Before accessin...

The Fed has just held US official interest rates, but has forecast slower growth and two more rate cuts. Traders pushed the US dollar and market interest rates down. Gold jumped to a new high. The Bank of Japan also holds, but is expected to keep hiking. Australian jobs data today is forecast to show more growth. NZ GDP is forecast to bounce. In our bonus deep dive interview, ANZ Pacific Economist...

US markets fall ahead of tomorrow morning’s rate decision by the FOMC. The Bank of Japan is expected to hold rates today, German policy makers get ready to take on more debt, and Australian consumers reveal their lowest confidence so far this year. In our bonus deep dive interview, ANZ Head of Australian Economics Adam Boyton explains what the Reserve Bank of Australia means when it says it will m...

US retail sales are sluggish and dragging on US GDP growth. China’s economy outperforms expectations, so ANZ Research lifts its China GDP growth forecasts for 2025 and 2026. New Zealand’s housing market is stirring, but slowly. In our bonus deep dive interview, ANZ China Strategist Zhaopeng Xing analyses China’s fiscal response to soften the economic impact of US tariffs. Before accessing this pod...

Gold finally jumps through US$3,000 an ounce. US consumer confidence about jobs and inflation slumps. New Zealand’s GDP data is expected to show growth returned in the December quarter. And the Fed is expected to hold later this week. In our bonus deep dive interview, ANZ Group Chief Economist Richard Yetsenga analyses how all the Trump tariff turmoil is affecting global markets and the US economy...

US stocks slide again after a new Trump tariff threat. US inflation data was below forecasts. Migrant departures from New Zealand hit a record high, and Australian businesses didn’t get the same boost as consumers did from the RBA’s rate cut. In our bonus deep dive interview, ANZ Economist Sophia Angala analyses the impact on Australia from the Trump Administration’s new metals tariffs. Before acc...

US inflation is below forecasts. Donald Trump ‘un-doubles’ Canada tariffs, but sets global steel and aluminium ones. Japanese bond yields hit their highest since 2008, thanks to safe-haven demand. And New Zealand’s trucks got moving in February. In our bonus deep dive interview, ANZ Economist Dhiraj Nim looks at how India’s growth rate over the next year may come in below potential, opening room f...

Donald Trump doubles Canadian steel and aluminium tariffs to 50%, slamming markets again. Australian consumer and business confidence fall a bit. Japan’s GDP is revised down, but strong wage growth is expected to keep the Bank of Japan hiking. In our bonus deep dive interview, ANZ Economist Dhiraj Nim explains why India’s inflation rate doesn’t look to be a problem for further policy easing. Befor...

US stocks and US bond yields are down sharply this morning after Donald Trump accepted the US economy was slowing. Oil prices keep falling on global demand and supply fears. The euro is surging on hopes for bigger European investment spending. In our bonus deep dive interview, ANZ Senior Commodities Strategist Daniel Hynes looks at the surprising performance of US shale oil producers and how they...

Trump’s vacillations on tariffs is unsettling US market and economic confidence, although some think a ‘Trump Put’ will limit any fall in stock prices. Markets now expect more than three Fed rate cuts in 2025. China’s deflation deepens in February. In our bonus deep dive interview, ANZ’s Head of G3 Economics Brian Martin takes a closer look at Germany’s plan to step off its ‘fiscal brake’. Before...