The European Central Bank cuts by 25 basis points as inflation falls below target; US rate cut bets are pulled back following stronger retail sales; Australian jobs growth surges; And China announces further measures to support its property market. In our bonus Deep Dive interview, ANZ Economist Maddy Dunk looks at the effects that changing household sizes and investor lending are having on Australia’s housing market. Before accessing this podcast, please read the disclaimer...

New Zealand’s inflation falls more than expected, with markets now wondering if a 75 basis point cut in November is on the cards; UK inflation was also weaker; Australian jobs growth is expected to slow; And the Philippines and Thailand cut rates. In our bonus Deep Dive interview, ANZ Senior Economist Miles Workman explains what New Zealand’s weaker inflation could mean for the Reserve Bank’s November decision. Before accessing this podcast, please read the disclaimer...

A weakening UK jobs market points to a November Bank of England cut; Concern over China stimulus grows; FOMC members talk of 25bps cuts by the Fed; New Zealand inflation is set to return to target; Three rates decisions today in Asia. In our bonus Deep Dive interview, ANZ Economist Maddy Dunk discusses signs that Australia’s housing market is starting to cool - particularly in Melbourne. Before accessing this podcast, please read the disclaimer...

Chinese stocks rise after more stimulus was promised over the weekend, but bond investors remain wary. Singapore holds policy but turns dovish, even as growth strengthens. India’s inflation unexpectedly jumps in September. In our bonus Deep Dive interview, ANZ International Economist Kishti Sen analyses the outlook for Pacific Island currencies as global monetary policy easing takes off. Before accessing this podcast, please read the disclaimer...

Solid US producer prices add to signals the Fed will be cautious in November; South Korea cuts rates, but now looks to pause; And Chinese inflation is weaker than expected, with traders also underwhelmed by Saturday’s stimulus briefing. In our bonus Deep Dive interview, ANZ Senior China Strategist Zhaopeng Xing outlines why that weekend briefing by China’s Finance Ministry did not deliver what investors were looking for. Before accessing this podcast, please read the disclaimer...

US inflation outpaces expectations, supporting bets for a 25 basis point cut by the Fed in November; Japan’s producer prices are stronger than expected; A manufacturing bounce in Singapore may lead its Monetary Authority to hold policy next week. In our bonus Deep Dive interview, ANZ FX Analyst Kausani Basak analyses how the Thai Baht was the second strongest Asian currency in Q3, prompting the Bank of Thailand to intervene. Before accessing this podcast, please read the disclaimer...

The Reserve Bank of New Zealand cuts by 50 basis points and markets price another outsized move in November; Attention turns to US inflation data after last week’s strong jobs report; The Reserve Bank of India holds but moves to a neutral stance. In our bonus Deep Dive interview, as China’s Finance Ministry announces a fiscal policy briefing for Saturday, ANZ Chief Economist for Greater China Raymond Yeung analyses the growth prospects for China’s economy. Before accessing this podcast,...

Oil fell back 5% overnight on fears about China’s growth outlook. The RBA tones down the hawkishness in its September board minutes. All eyes are on the Reserve Bank of New Zealand’s rate decision today - will it be 25 or 50 basis points? In our bonus Deep Dive interview, ANZ Chief Economist for Greater China Raymond Yeung explains why China’s National Development and Reform Commission didn’t announce any additional fiscal stimulus at yesterday’s briefing, but why some might be around the...

Oil is up another 3% on fears of escalating Middle East conflict; Friday’s bumper US jobs report has seen bets for a 50 basis point cut by the Fed in November evaporate; And China’s stock market braces for a renewed surge after the Golden Week holidays. In our bonus Deep Dive interview, ANZ Economist Henry Russell says there are signs the Reserve Bank of New Zealand’s August rate cut may have already spurred some housing market activity. Before accessing this podcast, please read the...

US jobs growth was much stronger than expected, which lifted US Treasury yields 12-20 bps and shunted the US dollar 0.5% higher. Economists also now see a 50 basis point cut by the Reserve Bank of New Zealand on Wednesday In our bonus Deep Dive interview, ANZ’s Head of Australian Economics Adam Boyton reveals what a surprising rise in workforce participation means for interest rates. Before accessing this podcast, please read the disclaimer...

Global markets are skittish this morning on fears the conflict in the Middle East will lift oil prices. Australia’s labour market and services sector remain resilient in PMI data, and NZ house prices fall again, despite the RBNZ starting rate cuts. In our bonus Deep Dive interview, ANZ Agriculture Economist Susan Kilsby looks at what the US dock workers’ strike could mean for Australia and New Zealand. Before accessing this podcast, please read the disclaimer...

Markets are mixed as traders analyse just how much escalation is possible in the conflict between Israel and Iran across the Middle East. There’s further strength in the US jobs market, and inflation in South Korea has fallen below the central bank’s target. In our bonus Deep Dive interview, ANZ Chief Economist for Southeast Asia and India Sanjay Mathur outlines the prospects for Asian economies across the fourth quarter. Before accessing this podcast, please read the disclaimer...

Oil prices have jumped, US Treasury yields US stocks are down and the US dollar is up in a flight to safety after reports that Iran has launched missiles at Israel; the US labour market is showing signs of resilience, while rate cut expectations in Europe have been boosted by lower inflation overnight. In our bonus Deep Dive interview, ANZ Economist Maddy Dunk discusses how sales in the lead up to Fathers’ Day in Australia helped retailers in August. Before accessing this podcast, please...

China’s stock market jumps 8.5% as investors rush in. Japan’s Nikkei falls nearly 5% on concerns the new Prime Minister there is an interest rate hawk. Australia’s housing market is softening. New Zealand business confidence takes another leap higher. In our bonus Deep Dive interview, ANZ Economist Maddy Dunk says there are some silver linings in the recent bi-annual ANZ Core Logic Housing Affordability Report as affordability nationally worsened in June. Before accessing this podcast,...

US inflation kept falling through August. All eyes this week will be on US jobs data on Friday. Australian lending figures may show a rise today. And consumers in New Zealand are more confident about house prices, as well as their own finances. In our bonus Deep Dive interview, ANZ Senior Commodities Analyst Daniel Hynes looks at why Saudi Arabia might be about to swamp the market with extra oil to win back market share. Before accessing this podcast, please read the disclaimer...

Gold, the S&P 500 and the Euro Stoxx 500 rose to fresh record-highs on enthusiasm about the Fed’s first rate cut and China’s wide-ranging stimulus. Key US inflation data tonight is the next focus for global interest rates. In our bonus Deep Dive interview, ANZ Economist Dhiraj Nim sifts through India’s recent trade data to reveal why gold imports jumped in August. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Australian inflation drops within the RBA’s target band for the first time since October 2021, but sticky services prices could be a concern. The Aussie and Kiwi dollars are down about 1% after hitting fresh 2024 highs yesterday. Services inflation also remains sticky in Japan. In part two of a bonus Deep Dive interview on China’s stimulus drive, ANZ Chief Economist for Greater China Raymond Yeung explains the risks of not doing more, including the prospect of a Japan-style ‘lost...

The Reserve Bank of Australia didn’t consider a hike as it held rates yesterday. Aussie consumer confidence jumps to its highest since January 2023, and August inflation data later today should show the temporary impact of cost of living support. The NZ dollar hits a new 2024 high. In our bonus deep dive interview, ANZ Chief Economist for Greater China Raymond Yeung analyses yesterday’s China stimulus package and explains why it could have been bigger. Before accessing this podcast, please...

Federal Reserve members are backing their 50 basis point rate cut, supporting views of a soft landing. The Aussie dollar is strengthening ahead of potentially hawkish RBA rate commentary today. Expectations rise for a new China stimulus package. In our bonus deep dive interview, ANZ Senior Economist Catherine Birch analyses how the RBA is placed for its cash rate decision today following last week’s 50 basis point cut by the Fed, and the ongoing strength in Australia’s jobs market. Before...

Global markets are digesting the Fed’s super-sized cut and the Bank of Japan’s decision to hold its rates, as expected. Trading and investing focus now turns to RBA rates decision on Tuesday. China’s yuan surges as exporters bring cash home. In our bonus deep dive interview, ANZ Asia Economist Krystal Tan analyses how lower oil prices are helping some South East Asian economies more than others. Before accessing this podcast, please read the disclaimer...

Global stocks are celebrating the Fed’s big rate cut as confirmation of a soft landing. The Bank of England holds rates, as expected. The Bank of Japan is also seen holding later today. NZ GDP contracts less than the RBNZ forecast, reducing chances of an oversized cut. Australia’s jobs market continues to give the RBA a headache. In our bonus deep dive interview, ANZ Economist Henry Russell details the trip hazards of relying on high-frequency indicators, which the Reserve Bank of New Zealand...

The Fed cuts by a super-sized 50 basis points and signals a total of 200 basis points of cuts by the end of 2025. Indonesia also cuts rates. The RBA will be watching Australian jobs data today. NZ’s GDP data is expected to show a contraction. In our bonus deep dive interview, ANZ Head of Geopolitical Risk Cameron Mitchell reviews the rise of tariffs as economic security tools, and what to expect on tariffs from whoever wins the US Presidential elections in November. Before accessing this...

Strong US retail sales ease recession fears, adding slightly to expectations of a 25 basis point cut by the Fed; Australia’s consumer confidence jumps, Singapore’s chip exports get a boost, and Bank Indonesia faces a tough rates decision today. In our bonus deep dive interview, from the recent ANZ-sponsored AFR Asia summit, ANZ Head of Geopolitical Risk Cameron Mitchell explains why themes of de-globalisation and the de-coupling of the US and Chinese economies should be looked at through a...

Market expectations for a 50 basis point cut by the Fed grow to 50/50 amid debate over whether the US jobs market is too weak for just a 25 bps move; And the Yen hits its strongest level against the US dollar since mid-2023. In our bonus deep dive interview, ANZ’s Chief Economist for Greater China, Raymond Yeung sees the potential for China to unveil a two trillion yuan stimulus package. Before accessing this podcast, please read the disclaimer...

China is expected to launch a stimulus package after a very weak set of economic data. Global markets are focused on the Fed starting its rate-cutting cycle. The US dollar may hold up despite lower rates. NZ’s housing market is gearing up for spring. In part two of our bonus Deep Dive interview, Australia-Asia Society CEO Anthony Bubalo talked at the ANZ-sponsored AFR Asia Summit in Melbourne about the nuances businesses now face when thinking about geopolitics. Before accessing this...