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...
Global markets are mixed ahead of big US and Japanese rate decisions later this week. US retail sales are solid. New Zealand’s Government announces a bigger than expected increase in bond issuance, and Australian consumers end the year better off.
For our final bonus Deep Dive interview of the year, ANZ’s Group Chief Economist Richard Yetsenga looks at the key themes of 2024 and at what 2025 might bring for the global economy.
Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/
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10:00
Tuesday: NZ Govt borrowing forecast to rise
PMI results show the US economy is resilient, supporting only three Fed cuts in 2025. China’s retail sales disappoint again. NZ’s Government is expected to unveil a higher borrowing forecast today. Coldplay concerts in Auckland nudge inflation up a bit.
In the second in a series of bonus Deep Dive interviews to round out the year and to look ahead to 2025, I spoke with ANZ’s Head of Research for Asia, Khoon Goh, about Asia, ex China.
Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/
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9:38
Monday: Markets brace for Fed & BoJ decisions
Global markets are bracing for Fed rate cut on Thursday and a possible Bank of Japan hike on Friday. New Zealand’s economy is expected to report a triple-dip recession on Wednesday, before a rebound next year.
In the first in a series of bonus Deep Dive interviews to round out the year and to look ahead to 2025, ANZ’s Chief Economist for Greater China, Raymond Yeung expects monetary policy loosening in the first quarter.
Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/
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9:08
Friday: ECB set to cut 150 bps more in 2025
The ECB cuts 25 bps as expected, but the Swiss National Bank surprises with 50 bps cut. US headline PPI inflation is hotter than expected, but core inflation is still cooling. Australia’s jobs market tightens as unemployment falls. And India’s inflation rate falls, clearing the way for the RBI to cut in February.
In our bonus deep-dive interview, as we start thinking about what to put on the table for Christmas, ANZ’s executive director for Agribusiness insights Michael Whitehead reveals what Australians eat and drink on Christmas Day.
Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/
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9:57
Thursday: Fed rate cut seen locked in after CPI
US inflation met forecasts. Markets now see a Fed rate cut next week as a sure thing. Japanese producer price inflation pressure builds for BoJ. Soft NZ data points to a triple dip recession. Australian jobs growth is seen keeping the RBA on its toes.
In our bonus deep-dive interview, ANZ Commodity Strategist Soni Kumari says the global aluminium market faces a number of challenges over 2025.
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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