US stocks hit fresh record highs after US inflation data reassured investors the Fed will cut next week, with more later in the year. Australian inbound tourism rises, but visitors from China aren’t back at pre-pandemic levels.
In our Deep Dive interview, ANZ Senior Asia Rates Strategist Jennifer Kusuma analyses Indonesia’s worsening fiscal situation.
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9:59
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9:59
Thursday: US producer price fall surprises
US stocks rise as producer prices drop ahead of CPI data tonight. China’s core inflation rises, meaning the PBOC’s easing cycle could be near an end. And New Zealand’s traffic data shows the economy may pick up from Q3.
In our Deep Dive interview, ANZ Senior Commodities Strategist Daniel Hynes looks at how China has been building up stockpiles of oil reserves, and why it’s about to end.
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8:16
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8:16
Wednesday: US jobs revised down
US jobs growth has a record downward revision as traders turn their attention to inflation data for Fed cut clues. And Australian consumer confidence rises again, while business conditions also tick up in August.
In our Deep Dive interview, ANZ Economist Sophia Angala looks at what has been driving Australian trade growth since the pandemic.
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8:55
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8:55
Tuesday: Gold hits new highs as US yields fall
US interest rates kept falling overnight after last week’s soft jobs data. So gold jumped to a new record high. Japan’s GDP is revised higher. And China’s exports to the US fell 33% in August.
In our Deep Dive interview, ANZ Pacific Economist Kishti Sen has analysed the economic impact on Fiji from the home games of its mens and womens rugby union teams, known as the Drua.
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9:24
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9:24
Monday: US jobs growth well below forecasts
US jobs growth was much weaker than expectations, raising questions about whether the Fed could cut 50 basis points next week, rather than 25 basis points. Also, Japan’s Prime Minister resigned last night, which may weaken the yen today.
In our Deep Dive interview, ANZ’s Group Chief Economist Richard Yetsenga looks at why long bond yields are rising and what the weak US jobs data means for global interest rates.
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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