5 in 5 with ANZ

Oil prices plunged 15% and stocks rose 3% overnight after the US and Iran agreed to a two-week ceasefire. But there is still conflict in the region and only a few ships have transited the Strait of Hormuz. Meanwhile, the Reserve Bank of New Zealand held interest rates, but lifted its inflation forecasts.

And then in our deep-dive interview, ANZ Senior Commodities Strategist Daniel Hynes says the oil market is not going to return to its pre-conflict state any time soon, even if the ceasefire holds.

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Markets are on tenterhooks hours ahead of President Trump’s 8pm EST deadline for Iran to reopen the Strait of Hormuz; Australia’s labour market loosens; The Reserve Bank of New Zealand is expected to hold rates today.

And then in our deep-dive interview, ANZ Economist Krystal Tan looks at how South Korea’s economy is standing up to the effects of the Middle East conflict.

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Trump threatens strikes on Iran’s energy and water infrastructure tomorrow, which is pushing up oil prices and undermining US stocks. US jobs are strong, but wage growth weakens in March - taking pressure off the Fed.

And then in our deep-dive interview, ANZ Economist Maddy Dunk analyses the most recent housing market data in Australia, and says there are signs of a slowdown.

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Global stocks are firmer this morning and oil prices slipped on hopes for de-escalation in Iran, but the focus is on a Donald Trump speech due at 1pm Sydney/Melbourne time. And manufacturing in Asia remains strong. For now.

And then in our deep-dive interview, ANZ Commodities Strategist Soni Kumari analyses how the Middle East conflict is affecting the global aluminium market.

Before accessing this podcast, please read the disclaimer at ⁠https://www.anz.com/institutional/five-in-five-podcast/⁠

Stocks jump on hopes for de-escalation in Iran. RBA minutes show four dissenters weren’t against hiking, just the timing; And New Zealand business confidence slumps in March as fuel prices jumped.

And then in our deep-dive interview, ANZ Senior Commodities Strategist Daniel Hynes analyses the further impact on oil and the world economy if Red Sea trade becomes disrupted by the Middle East conflict.

Before accessing this podcast, please read the disclaimer at ⁠https://www.anz.com/institutional/five-in-five-podcast/⁠