Markets are mixed as they digest a US court ruling that the Trump administration’s tariffs were imposed illegally. Australian business indicators were a mixed bag in Q1. The Reserve Bank of New Zealand Governor says a July cut is not a done deal. The Bank of Korea cuts, with more to come.
In part two of a Deep Dive interview into Singapore’s new safe-have status, ANZ’s Head of Asia Research Khoon Goh explains how the city-state avoids being labelled a currency manipulator by the United States.
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9:09
Thursday: RBNZ cuts, but with dissenter
US stocks track down with all eyes on Nvidia results due today. Treasury yields rise as traders eye more supply. The Reserve Bank of New Zealand cuts as expected, and lowers its rate track - although one dissenter wanted a hold. And disinflation progress has stalled in Australia.
In our deep-dive interview, ANZ New Zealand Chief Economist Sharon Zollner says the RBNZ’s 5-to-1 vote yesterday indicates New Zealand’s rate setting committee may be nearing a turning point.
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9:11
Wednesday: US confidence jumps
US markets jump on stronger consumer confidence and intensified US-EU trade talks. Australian consumer confidence drops despite the RBA’s rate cut last week. Australian annual inflation for April may tick up, and the Reserve Bank of New Zealand is set to ease policy later today.
In our deep-dive interview, ANZ’s Head of Asia Research Khoon Goh investigates the Singapore dollar’s even safer-haven status as the US dollar wobbles.
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9:46
Tuesday: Trump's new tariff threat lifts gold
Donald Trump delays his 50% tariff on Europe, which boosts stocks there. But gold remains up near record highs on all the uncertainty. Singapore’s factory output rebounds, reducing the chances of a technical recession. And the RBNZ is expected to cut the OCR again tomorrow
In our deep-dive interview, ANZ’s Senior Commodities Strategist Daniel Hynes has taken a closer look at the aluminium market and finds supply issues are adding to the tension also building over rising trade barriers.
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9:41
Monday: Trump threatens 50% tariff on Europe
Donald Trump threatens 50% tariffs on Europe and a 25% tariff on Apple iPhones. Japanese bond yields surge to multi-decade highs. Oil production is set to rise. And New Zealand’s retail trade beats expectations in the March quarter.
In our deep-dive interview, ANZ’s Group Chief Economist Richard Yetsenga analyses Trump’s latest moves and the selloff in long bonds globally, and the US in particular.
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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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