Description
Stocks are jittery and safe havens in demand this morning after an escalation of the conflict in Ukraine overnight. The RBA’s minutes indicate it may cut earlier than previously expected and Australian consumer confidence is still trending higher.
In our bonus deep dive interview, ANZ Senior Commodities Strategist Daniel Hynes analyses the outlook for Chinese steel production and iron ore prices ahead of looming US tariffs under a Donald Trump Presidency.
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Global stocks wobble as Ukraine conflict fears escalate. UK inflation is hotter than expected. China’s banks hold lending rates amid a focus on fiscal stimulus, and Bank Indonesia says post-Trump currency moves have affected its ability to cut rates.
In our bonus deep dive interview, ANZ Senior...
Published 11/20/24
Oil prices rise 3% as the Russia-Ukraine war escalates. US Treasury yields edge up as traders price a December rate cut by the Fed at 50-50. And RBA minutes today are being watched to see how hawkish the rate-setting board continues to be.
In our bonus deep dive interview, ANZ Senior Economist...
Published 11/18/24