US jobs beat economists’ forecasts, which lifts the S&P 500 to another new record high and douses market expectations for Fed rate cuts this year to 50 basis points. Australia’s trade surplus halves in May, and UK’s bond market goes on a wild ride.
In our deep dive interview, ANZ Chief Economist for Southeast Asia and India Sanjay Mathur assess how growing US deficits will see Asian investors diversify away from the world’s largest economy.
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9:12
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9:12
Thursday: US jobs data to hold rate clues
Global markets are on tenterhooks ahead of US jobs data tonight, looking for clues on the Fed’s rate cut path. ANZ Research pulls its RBA rate cut call forward to July after weak retail sales. And South Korea’s inflation rate may allow for one more rate cut.
In our Deep Dive interview, ANZ Economist Maddy Dunk analyses the recent pick up in Australia’s housing market.
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8:52
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8:52
Wednesday: Powell holds firm on rates
Fed Chair Jerome Powell says he’d be cutting rates now without Trump’s tariffs, although he’s still open to a cut later this month. Australian consumer confidence rises, South Korea’s exporters diversify and Japan is still on track for a rate hike.
In the second part of a deep dive interview, ANZ Group Chief Economist Richard Yetsenga and ANZ Economist Sophia Angala discuss what’s needed to support the growth of Australia’s First Nations Economy.
Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/
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8:26
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8:26
Tuesday: Split opens in FOMC
An unusual split has opened up on the Fed’s rate-setting committee, which means a rate cut is possible later this month. China’s economy is proving resilient to Trump’s tariff talk. And New Zealand business confidence improves, but it’s still tough.
In our deep dive interview, ANZ Group Chief Economist Richard Yetsenga and Economist Sophia Angala analyse the growth opportunities for Australia’s First Nations economy.
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8:51
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8:51
Monday: US inflation supports rate cuts
US inflation behaves, and supports rates being cut in Q3. Attention turns to the US jobs market. New Zealand consumer confidence improves, but cautiously, and the final pieces of data are due ahead of the RBA’s will-they-or-won’t-they rate cut call next week.
In our deep dive interview, ANZ Head of Australian Economics Adam Boyton outlines ANZ Research’s latest forecasts for the Australian economy and the task ahead for the Reserve Bank of Australia.
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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