Gold is off its highs as US markets are relaxed about the US Government shutdown. Australian gold exports drop in August after a safe-haven boost in July. And Australian household spending growth weakens.
In our Deep-Dive interview, ANZ Economist Maddy Dunk looks at what’s driving Australia’s housing market after a bumper September for price growth in the capital cities.
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7:53
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7:53
Thursday: Australian house prices jump
The US Government shut down overnight and private jobs data is weak, so bond yields fell and gold rose. The Reserve Bank of India holds rates, but is seen cutting again soon. And Australian house prices jump in September.
In our Deep-Dive interview, ANZ International Economist Kishti Sen analyses what’s been supporting Papua New Guinea’s currency, and how a wave of foreign investment is set to help the nation’s economy.
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9:08
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9:08
Wednesday: Doubt grows RBA can cut next month
US stocks soften and gold rises overnight as fears grow about a US Government shutdown. The Reserve Bank of Australia holds rates, and there’s renewed doubt about a cut in November. So the Aussie dollar rose against both the US dollar and Kiwi.
In our Deep-Dive interview, ANZ New Zealand Chief Economist Sharon Zollner says there was a hint of Spring in the latest ANZ Business Outlook for September.
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9:08
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9:08
Tuesday: Gold jumps over US$3,800/oz
Gold surges a new record high over US$3,800/oz and US bond yields fall as fears of a US Government shutdown escalate. In Australia, the Reserve Bank is expected to hold the cash rate today, possibly with a hawkish tone.
In our Deep-Dive interview, ANZ Chief Economist for Southeast Asia and India, Sanjay Mathur sees India’s big IT exporters adjusting to Donald Trump’s $100,000 fee for new H1B Visas.
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9:42
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9:42
Monday: US consumer spending robust
US consumers are in a mood to spend, which is seen backing the Fed Chair’s caution on rate cuts. New Zealand consumers are a bit more confident about their current finances, but not so confident about future house prices.
In our Deep-Dive interview, ANZ Head of FX Strategy Mahjabeen Zaman explains how Aussie pension funds dealt with an apparent breakdown earlier this year in the traditional link between the Aussie dollar and global risk assets.
Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/
Start your day with 5 in 5 with ANZ. You’ll hear the five things you need to know about the global economy and markets in under 5 minutes. Plus a deep dive into emerging trends and issues. Hosted by business and financial journalist Bernard Hickey, the podcast features exclusive insights from ANZ’s global team of experts.
Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/
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