US markets bounce on hedge fund manager Scott Bessent’s selection as Treasury secretary, easing deficit and tariff fears. Singapore’s inflation is dragged down by a strong currency, and a fall in New Zealand Q3 retail sales should mark the bottom of the current recession. In our bonus deep dive interview, ANZ’s Chief Economist for Southeast Asia and India Sanjay Mathur looks at why the Phillipines’s current account deficit has risen sharply since April, and explores the wider implications. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/