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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/
181 Episodes
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US bond yields fell after Fed Chair Jerome Powell appeared to rule out rate hikes. Japanese authorities may have intervened again to hold up the yen. South Korean and Indonesian inflation eases. Australia’s record imports suggest demand is holding up.
In our bonus deep dive interview, ANZ Agriculture Economist Susan Kilsby looks at how global economic developments, and the weather, are affecting demand for New Zealand’s key primary exports.
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The US Federal Reserve has kept rates on hold and signaled a lack of progress towards its 2% inflation goal in recent months. New Zealand’s labour market weakens, but wage growth is still high. The copper price has been on a roll in 2024.
In our bonus deep dive interview, ANZ Economist Arindam Chakraborty looks at how non-China Asia exports have been supported this year by strong US demand.
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Stronger US wage data adds to fears rates will be on hold for longer. Core inflation progress in Europe supports a June cut by the ECB. China’s factory output rises. Weak Australian retail sales cause a rethink on the RBA’s rate track.
In our bonus deep dive interview ANZ Economist Miles Workman looks closely at why consumers in New Zealand are so down in the dumps.
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The yen bounces hard after slumping through 160. Some think Japan’s authorities intervened, but there’s no confirmation. ANZ Research has changed its expectation for Fed rate cuts this year to two 25 basis point cuts from four.
In our bonus deep dive interview, ANZ Head of Australian Economics Adam Boyton looks at how the RBA might react if Australia’s stage 3 tax cuts improve consumer confidence, which is now near 1990s-recession level lows.
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The US dollar has spiked up over 158 yen. Traders are on high alert for intervention by Japanese authorities. Market expectations for rate cuts by the Fed and RBA keep being pushed out. New Zealand consumer confidence falls again
In our bonus deep dive interview, ANZ Head of Australian Economics Adam Boyton looks at why Australian consumer confidence is at 1990s-style recession-level lows and when it might pick up.
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US stocks fell and US Treasury yields rose after US growth and inflation data was worse than expected. Australia’s strong CPI could shift the RBA’s rate cut track out. Indonesia hikes rates to bolster its currency and South Korea’s GDP beats forecasts.
In our bonus deep dive interview, ANZ Chief Economist for Southeast Asia and India, Sanjay Mathur looks at what central banks across Asia face in terms of monetary policy and their currencies if the US Fed delays rate cuts.
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Global PMIs offer hope for an earlier US rate cut, an ECB cut in June, and an easing by the Bank of England in August. Australian inflation is set to keep easing. Currency volatility means a rate hike is not off the table in Indonesia.
In part two of our bonus deep dive interview, ANZ Group Chief Economist Richard Yetsenga offers some pragmatic suggestions for improving housing affordability in Australia.
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Global stocks are on the rise, while gold and oil prices fell overnight on easing tensions in the Middle East. Chinese authorities move to boost Hong Kong’s stock market. The copper price is on a tear.
In our bonus deep dive interview, ANZ Group Chief Economist Richard Yetsenga takes a closer look at Australia’s worsening housing affordability, and why boosting housing supply may not be enough on its own.
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Global markets start the week nervously eyeing the Middle East and key US data later this week. Asian currencies are jittery near record lows against a rampant USD. The RBA will hope for lower inflation data in Australia on Wednesday
In our bonus deep dive interview, ANZ Commodity Strategist Soni Kumari explains why silver is finally jumping on gold’s fast-rising coat-tails.
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US bond yields rise again on strong factory data. Australian unemployment rises, but firms still expect labour market tightness. Next week’s CPI could be crucial for the RBA. Japan’s inflation rate is expected to slow. but don’t expect the BoJ to budge.
In our bonus deep dive interview, ANZ Economist Dhiraj Nim explains what is driving a surge in capital investment in India, and whether it can continue to drive GDP growth.
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Sticky UK inflation has dashed mid-year rate cut hopes. Strong domestic inflation in New Zealand is a concern for the central bank, but the ECB looks on track to start rate cuts in June. Oil is down 3% on global demand concerns.
In our bonus deep dive interview, ANZ’s Head of FX Research Mahjabeen Zaman details four reasons why the US dollar has been so strong in recent weeks.
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A surging US dollar triggers currency intervention across Asia. Fed Chair Powell signals high rates for even longer. China’s GDP outstrips expectations, but weak domestic demand means further stimulus is expected. NZ inflation data due.
In our bonus deep dive interview, ANZ Economist Bansi Madhavani details what’s at stake for fiscal policy and the rupee in India’s general election, starting on Friday.
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US Treasury yields rose after stronger retail sales data showed consumers are still spending. Oil fell as Middle East conflict fears eased. Dollar/Yen slid through 154 for the first time since 1990. Aussie and Kiwi dollars are down against a stronger USD.
In our bonus deep dive interview, ANZ Group Chief Economist Richard Yetsenga highlights the quiet achievements of Japan as it emerges from a period of shrinkanomics and the lessons it can teach others with declining populations.
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Markets are on tenterhooks to see how Israel reacts to Iran’s weekend attacks. The US dollar is strong, while the Aussie and Kiwi dollars begin the week down. Oil is up.
In our bonus deep dive interview currencies, ANZ Head of FX Research Mahjabeen Zaman is watching the yen and US dollar closely, and sees news from the Middle East limiting any bounces for the Aussie dollar.
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The ECB held its policy rate overnight and remains on track to cut in June - before the Fed. China inflation data weaker than expected. Singapore’s GDP figures to include a Taylor Swift effect. Traders are on yen intervention watch.
In our bonus deep dive interview on the oil outlook, ANZ Senior Commodities Strategist Daniel Hynes says any jump towards US$100/bbl is likely to spark an OPEC supply response.
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A strong US CPI has pushed back expectations for a fully-priced rate cut by the Fed from July to November. US Treasury yields are up 20 basis points and US stocks fell. The Aussie and Kiwi dollars have fallen more than 1% this morning.
In our bonus deep dive interview, ANZ Chief Economist for Southeast Asia and India, Sanjay Mathur, has reviewed March PMI data for Asia’s main economies (ex-China), and says India’s exceptionalism showed through.
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Treasury yields fall on hopes inflation is moderating. The Yen firms after reports the BoJ may raise its inflation outlook. Taiwan’s CPI is lower than forecast. Australian consumers see higher inflation. The RBNZ is expected to hold its cash rate.
In our bonus deep dive interview, ANZ Economist Bansi Madhavani looks at what’s at stake in South Korea’s general election today for fiscal and monetary policy.
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US Treasury yields hit fresh 2024 highs overnight as traders continued to reprice expectations for Fed rate cuts. The Philippines’ central bank holds but turns hawkish on inflation risks. Australia’s housing imbalance is expected to keep supporting prices.
In our bonus deep dive interview, ANZ Senior Commodities Strategist Daniel Hynes explains what’s driving gold’s stunning rally.
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Stronger than forecast US jobs growth pushed up Treasury yields on Friday night, but wage growth was more moderate, leaving the Fed still on track for a rate cut in July.
In our bonus deep dive interview, ANZ Pacific Economist Kishti Sen says Fiji needs to build four-and-a-half thousand new hotel rooms over the next decade.
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All eyes are on US non-farm payrolls tonight. Australian households spent plenty going to Taylor Swift concerts; Building approvals weaken on both sides of the Tasman, and Kiwi house values track sideways.
In our bonus deep dive interview, ANZ Commodities Strategist Soni Kumari looks at why you paid so much more for your Easter eggs this year - a soaring cocoa price.
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