5 in 5 with ANZ
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.
Episodes
Friday: Oil slides after Trump calls off strikes
Oil prices fall 3% and US stocks bounce after Donald Trump calls off fresh air strikes on Iran, and says Iran’s leaders have approved an unspecified deal. And the European Central Bank hikes rates, as expected.
In our deep-dive interview, ANZ Head of Agribusiness Mark Bennett analyses the outlook for Australia’s beef and sheep sectors as winter sets in.
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Thursday: US core CPI indicates weak demand
Oil rises as Middle East worries grow, so US stocks are down. US core inflation shows higher energy prices are not flowing through to the economy. And China’s factory input prices jump on higher energy costs.
In our deep-dive interview, ANZ Commodities Strategist Soni Kumari highlights how nickel supply is being affected by tighter rules in Indonesia.
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Wednesday: Markets volatile before US CPI data
Oil is down around 3%, although Middle East conflict and tech worries send stocks down. Australian price pressures fall in May. New Zealand manufacturing bounced in the March quarter. And Indonesia makes a surprise rate hike.
In our deep-dive interview, ANZ Group Chief Economist Richard Yetsenga analyses the significance of the AI boom to recent GDP growth globally.
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Tuesday: Stocks bounce, but oil up as conflict resumes
US stocks rebound overnight, but oil is slightly higher this morning after conflict between Iran and the US & Israel erupted again yesterday, although a cease fire is in place again now. And strong US jobs data shifts Federal Reserve rate expectations.
In our deep-dive interview, ANZ’s Senior Asia Rates Strategist Jennifer Kusuma examines the slump in Indonesia’s rupiah to record lows in recent d
Friday: Markets eye rate hikes to bolster yen, rupee & won
There’s more conflicting news from the Middle East, with ongoing fighting in Lebanon, but hope for a deal drags oil prices down. The yen is perched on its precipice of 160 to the US dollar. And the Reserve Bank of India may hike today to support the rupee.
In our deep-dive interview, ANZ’s Head of Asia Research Khoon Goh looks what what is behind the Korean won falling to its lowest level since 2
Thursday: Australian GDP growth slows
Australian GDP growth slows as real household incomes drop, supporting ANZ Research’s view the Reserve Bank of Australia (RBA) will stay on hold. And New Zealand building consents remain strong despite a market downturn.
In our deep-dive interview, ANZ’s Head of Agribusiness Mark Bennett outlines how the Middle East conflict has affected key agricultural sector inputs.
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Wednesday: Australian GDP growth to ease
Australian GDP growth is set to ease in the March quarter, which could take further pressure off the RBA and the currency. House prices fell in May, while building approvals fell in April. And Korea’s inflation jumps.
In our deep-dive interview, ANZ’s Chief Economist for Southeast Asia and India, Sanjay Mathur, looks at how the Philippines is dealing with its twin current account and budget defic
Tuesday: Oil spikes after Iran breaks off talks
Oil rises as much as 7% after Iran breaks off talks and the two sides fire at each other. The US summer driving season is set to drive up oil prices from July. China’s manufacturing and services sectors are expanding. And US factories are humming.
In our deep-dive interview, ANZ Group Chief Economist Richard Yetsenga takes a wider and longer look at the Australian economy’s place in the world, in
Monday: Data centre investment drives US GDP
US stocks hit new record highs and oil prices fall on hope for an Iran peace deal. US consumer spending is soft, but data centre investment is strong. And New Zealand’s business and consumer confidence bounce.
In our deep-dive interview, ANZ Senior Rates Strategist Jack Chambers analyses the rise of Kangaroo bond issuance from offshore borrowers.
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Friday: Australian data centre spending jumps
US inflation is cooler than expected. The New Zealand Government’s borrowing position is set to improve following yesterday’s budget. And in Australia, data centre investment jumps, while household spending starts to ease.
In our deep-dive interview, ANZ Senior Economist Miles Workman dissects the New Zealand Government budget delivered yesterday, buoyed by a new set of Treasury forecasts.
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Thursday: RBNZ to hike sooner than expected
The Reserve Bank of New Zealand says hikes are coming sooner rather than later, sending the NZ dollar up. And Australia’s headline inflation undershoots in April, sending the Aussie dollar down.
In our deep-dive interview, ANZ Senior Rates Strategist Jennifer Kusuma says Asian local currency bond markets have been resilient through the Middle East conflict. But there are rising inflation risks.
Wednesday: RBNZ may signal hikes to come
Stocks and Brent oil are up this morning on see-sawing Middle East peace hopes. The Reserve Bank of New Zealand is set to hold today, but for how long? And the Reserve Bank of Australia will be closely watching inflation data.
In our deep-dive interview, ANZ Senior Commodities Strategist Daniel Hynes has been tracking global oil inventories as the Strait of Hormuz remains shut, to get a sense of
Tuesday: Oil prices fall 6.5% on peace deal hopes
Oil prices fall 6.5% and bond yields drop on hopes a peace deal could re-open the Strait of Hormuz. The euro is weak as European factories slow down, and Singapore reports blockbuster GDP growth.
In our deep-dive interview, ANZ Head of Australian Economics Adam Boyton assesses the potential impact of Federal Budget tax changes on Australia’s property market.
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Monday: Trump says 'no rush' for Iran deal
There’s fresh uncertainty about the Iran conflict, with Donald Trump first saying a deal was ‘largely negotiated,’ but then that the blockade of the Strait of Hormuz remained and ‘there’s no rush for a deal’. And ANZ Research changes its Fed call.
In our deep-dive interview, ANZ Economist Bansi Madhavani analyses UK jobs, price and growth data to get a sense of what the Bank of England may have t
Friday: Stocks surge & oil falls on peace deal report
Stocks spike and oil prices fall in late trade on hopes for an Iran peace deal. Factory activity slumps in Britain & Europe, but is solid in the US, and Australia’s jobs market softens, which may allow the RBA to hold rates.
In our deep-dive interview, ANZ Commodities Strategist Soni Kumari analyses some key shifts in the gold market.
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Thursday: Oil falls on Middle East deal hopes
Oil falls and and stocks rise on Middle East peace hopes. Australia’s jobs data today will be closely watched by the RBA for weakness. And Bank Indonesia opts for a jumbo 50 basis point hike.
In our deep-dive interview, ANZ Head of FX Research Mahjabeen Zaman says the Yen may not weaken much further from here, as long-dated Government bond yields rise and BoJ hikes come closer.
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Wednesday: RBA in 'wait and see' mode
The Reserve Bank of Australia’s minutes indicate a wait-and-see approach following this month’s hike. Higher diesel prices squeeze New Zealand firm profit margins, and the Bank of Japan looks set to hike after stronger-than-expected Q1 growth.
In our deep-dive interview, ANZ Head of Asia Research Khoon Goh explains how the global data centre boom is helping Asia’s economies outside of China and I
Tuesday: China's economy slows in April
China’s economic growth slows more than expected in April, but exports of gear for data centres from the likes of Singapore are going gangbusters. And that helped accelerate Thailand’s GDP growth rate too.
In our deep-dive interview, ANZ Group Chief Economist Richard Yetsenga sees the sustainability of Government borrowing at the heart of the sharp selloff in global bond markets in recent days.
Monday: Global bond markets sell off
Oil prices are up again and global stocks start the week on the back foot after a selloff on global bond markets on Friday night, as investors worry about the longer term effects of the Iran conflict and political uncertainty on growth and inflation.
In our deep-dive interview, ANZ’s Chief Economist for Southeast Asia and India, Sanjay Mathur, analyses the worsening of balance of payments deficit
Friday: Stocks hit record highs as Trump & Xi talk
Stocks rally to yet more record highs, despite another rise in oil prices, with hopes high that Presidents Trump and Xi can solve their trade and Iran conflict issues. US retail sales soften after the energy price shock. and NZ house prices fall.
In our deep-dive interview, ANZ Economist Dhiraj Nim explains the strategic intent behind India signing a Free Trade Agreement with New Zealand.
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Thursday: Trump in China as US prices rise
Donald Trump lands in China. Oil is down slightly and stocks are up. US producer price inflation is up as well. Australian home loans tumbled in March. And New Zealand inflation expectations rise.
In our deep-dive interview, ANZ Senior Rates Strategist Jack Chambers reviews the Australian Government bond issuance programme announced following Tuesday night’s budget.
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Wednesday: Australian deficits better than expected
Australia forecasts budget deficits for the next four years, but they’re better than expected as savings allow for higher spending. Oil prices rise 3% and stocks fall as concerns grow over the US-Iran ceasefire. And US inflation rises in April.
In our deep-dive interview, ANZ Head of G3 Economics Brian Martin says the US labour market remains structurally weak, keeping wage growth and inflation p
Tuesday: Eyes on Australia Budget for household help
Oil prices rise 3% after Donald Trump rejects Iran’s latest offer to restart talks. Australia’s Budget tonight will be watched for more cost of living relief for households. And inflation in China is higher than expected.
In our deep-dive interview, ANZ Commodity Strategist Soni Kumari examines just how exposed aluminium supply and prices are to the Middle East conflict, given 75% of production
Monday: Fed on hold as US jobs market stabilises
The Strait of Hormuz remains closed, but Iran has responded to a US offer to resume talks. US jobs figures were solid, leaving the Fed on hold as new Chair Kevin Warsh arrives. And China’s exports surge in April.
In our deep-dive interview, ANZ’s Chief Economist for Greater China, Raymond Yeung, looks in depth at a big improvement in profit margins in China so far this year.
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Friday: Aussie dollar hits multi-year highs
Oil prices fall on hopes for peace talks in the Middle East and stocks retreat from their record highs. Australia’s imports jump in March as data centre equipment and oil values rise. And the Aussie dollar is trading at its highest level since 2022.
In our deep-dive interview, ANZ Head of FX Research Mahjabeen Zaman explains why the International Monetary Fund may be taking notice of Yen interve
Thursday: Oil falls on hope conflict near end
Oil falls and stocks rise on hopes the Middle East conflict is nearing an end. New Zealand’s jobless rate falls, in a sweet-spot release for the RBNZ. And higher inflation could see the Bank of Korea hike rates.
In our deep-dive interview, ANZ Senior Economist Matthew Galt says New Zealand’s property market started the year a bit stronger than expected, before the Middle East conflict hit.
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Wednesday: RBA hikes for 3rd time in a row
The Reserve Bank of Australia hikes with hawkish tones, but ANZ Research says that should be it this cycle. And flat New Zealand jobs data today may not mark the end of rising unemployment.
In our deep-dive interview, ANZ Head of Australian Economics Adam Boyton analyses the RBA’s latest forecasts and commentary for clues on whether there’s going to be another hike.
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Tuesday: Oil prices up with tensions in Strait
Oil prices jump again as tension ratcheted up in the Strait of Hormuz overnight. The Reserve Bank of Australia is expected to hike later today, adding to pressure on Australian housing markets already cooling.
In our deep-dive interview, ANZ Economist Vicky Xiao Zhou analyses a bounce in investment in China, thanks to a surge in data centre building and the electricity infrastructure to go with
Monday: Japan intervenes to stop yen's slide
Japanese authorities have intervened to halt the yen’s slide. There’s fresh talk of another peace proposal in the Iran conflict, but the Strait of Hormuz is still shut. South Korean exports rise 48%, and New Zealand consumers see record-high inflation.
In our deep-dive interview, ANZ Head of FX Research Mahjabeen Zaman looks at the chances of further intervention to stop the dollar rising beyond
Friday: ECB & BoE hold, but hike talk grows
Oil hits US$126/barrel after reports the US is preparing new strikes on Iran. The European Central Bank holds, but talks about a rate hike soon. The Bank of England holds too. And China’s factories withstand the Middle East conflict.
In our deep-dive interview, ANZ Head of Australian Economics Adam Boyton compares the RBA’s performance with other central banks as it seeks a narrow path between in
Thursday: Fed holds with 'hawkish' dissenters
Oil jumps to US$118/barrel after Donald Trump suggests blockading the Strait of Hormuz for months. The US Fed holds rates as dissenters oppose an easing bias. And Australian core inflation is below forecasts, but the RBA is still set to hike next week.
In our deep-dive interview, ANZ Economist Maddy Dunk explains why the RBA is so focussed on inflation expectations, following March’s price data.
Wednesday: Oil rises on Hormuz fears
Oil prices rise as the Strait of Hormuz remains shut, while stocks fall on AI fears. The Bank of Japan holds, but hawkishly. And Australian Q1 inflation today is set to back another hike by the RBA.
In our deep-dive interview, ANZ Economist Bansi Madhavani assesses the likelihood of a Bank of Japan rate hike in June.
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Tuesday: Oil up as focus turns to Bank of Japan
Oil prices are up in the absence of face-to-face peace talks between the United States and Iran, and the ongoing closure of the Strait of Hormuz. The focus turns today to the Bank of Japan (BoJ), where a rate hold is expected.
In our deep-dive interview, ANZ Head of FX Research Mahjabeen Zaman looks at why the yen has regained its strength somewhat in recent weeks, and what might happen if there’
Monday: Way cleared for Warsh to be Fed Chair
The Strait of Hormuz is still closed as the week begins, with peace talks stalled and naval blockades from Iran and the US in place. In Fed news, the way is clear now for Donald Trump’s nominee to become chair.
In our deep-dive interview, ANZ Senior Commodity Strategist Daniel Hynes looks closer at the longer term effects on oil supply, and prices of shut-ins.
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Friday: Oil up as US & Iranian navies board ships
Oil prices rose again overnight after tit-for-tat seizures of vessels by the US and Iranian navies. South Korea’s growth jumps in the first quarter on chip exports. And the Philippines hikes rates to beat down inflation.
In our deep-dive interview, ANZ Pacific Economist Kishti Sen analyses how Papua New Guinea is responding to the oil price shock.
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Thursday: Oil up as Strait of Hormuz stays blocked
Donald Trump extends the Iran ceasefire and US earnings are strong, so stocks are up, but the strait of Hormuz remains blocked, so oil is up too. And Bank Indonesia holds, but says rates could rise to support its currency.
In our deep-dive interview, ANZ Head of Asia Research Khoon Goh looks at how Singapore’s economy was placed heading into the oil price shock.
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Wednesday: Oil up as end of ceasefire looms
Oil rises 4% and stocks drop as markets worry about the looming end of the ceasefire in Iran. Fed Chair nominee Kevin Warsh says he won’t bow to political pressure. And New Zealand businesses look to raise prices as inflation stays above target.
In our deep-dive interview, ANZ Senior Economist Miles Workman analyses how the Reserve Bank of New Zealand is set to view above-target inflation heading
Tuesday: End of ceasefire looms without deal
Oil prices bounced and US stocks slid overnight as the end of the Iran ceasefire looms tomorrow, and after the US Navy fired on and boarded an Iranian ship yesterday. Also, New Zealand inflation and US retail sales figures are due today.
In our deep-dive interview, ANZ Economist Maddy Dunk outlines how ANZ Research has updated its forecast for Australian private credit growth over the next two y
Monday: Oil & US$ to rise as Strait closes again
Oil prices and the US dollar are expected to bounce in Asian trade this morning after Iran closed the Strait of Hormuz again and attacked two ships over the weekend. Markets are focused on peace talks due this week, and also global PMI data.
In our deep-dive interview, ANZ Group Chief Economist Richard Yetsenga sees the latest back and forth in the Iran conflict as edging towards resolution.
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Friday: Oil back at US$99/barrel despite Israel ceasefire
US stocks are solid after a 10-day ceasefire between Israel and Lebanon was announced, but oil has risen as the Strait of Hormuz remains closed. And Australia’s jobs market doesn’t tighten, which may help the Reserve Bank of Australia.
And then in our deep-dive interview, ANZ Chief Economist for Greater China Raymond Yeung analyses China’s economic prospects after a strong Q1.
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Thursday: Markets stabilise on ceasefire hopes
Oil prices and stocks take a breather as the US and Iran consider a ceasefire extension. The Reserve Bank of Australia will be watching March job figures for signs of ongoing strength. India’s trade falls due to the Middle East conflict.
And then in our deep-dive interview, ANZ Economist Sophia Angala looks at how higher global energy prices will affect Australian imports and the federal budget.
Wednesday: RBA warns rates may not be high enough
Oil prices are down as much as 7%, while stocks are up on Middle East peace talk hopes. The Reserve Bank of Australia warns rates may not be high enough to tame inflation, and Singapore tightens monetary policy.
And then in our deep-dive interview, ANZ Senior Commodities Strategist Daniel Hynes analyses the US blockade of the Strait of Hormuz and outlines ANZ Research’s new oil price forecast.
Tuesday: ANZ sees RBNZ hiking three times in 2026
Oil prices are up around US$100/barrel again as the US Navy blockade on Iranian ports begins. ANZ Research changes its call for the Official Cash Rate in New Zealand, and Singapore’s central bank is expected to tighten today.
And then in our deep-dive interview, ANZ NZ Chief Economist Sharon Zollner sees the Reserve Bank of New Zealand hiking early and hard from July, to avoid having to go highe
Monday: Markets braced after peace talks end
Peace talks between Iran and the United States collapse. Donald Trump says the US Navy will blockade the Strait of Hormuz and stop tankers on the high seas that have paid Iran tolls. And US inflation spikes, which pushes consumer confidence down.
And then in our deep-dive interview, ANZ Group Economist Richard Yetsenga assesses how much damage has been done so far to global economic momentum.
Friday: Oil falls after Israel agrees to ceasefire talks
Oil prices fall and stocks rise after Israel agrees to ceasefire talks with Lebanon, improving the chances of a broader Middle East ceasefire. Elsewhere, Kiwis drove less in March and China’s deflation may be over.
And then in our deep-dive interview, ANZ Economist Maddy Dunk details where and how ANZ Research has lowered its house price forecasts in Australia’s capital cities.
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Thursday: Oil slumps & stocks jump on ceasefire
Oil prices plunged 15% and stocks rose 3% overnight after the US and Iran agreed to a two-week ceasefire. But there is still conflict in the region and only a few ships have transited the Strait of Hormuz. Meanwhile, the Reserve Bank of New Zealand held interest rates, but lifted its inflation forecasts.
And then in our deep-dive interview, ANZ Senior Commodities Strategist Daniel Hynes says the
Wednesday: Markets wait on Trump Iran deadline
Markets are on tenterhooks hours ahead of President Trump’s 8pm EST deadline for Iran to reopen the Strait of Hormuz; Australia’s labour market loosens; The Reserve Bank of New Zealand is expected to hold rates today.
And then in our deep-dive interview, ANZ Economist Krystal Tan looks at how South Korea’s economy is standing up to the effects of the Middle East conflict.
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Tuesday: Oil price rises after new Trump threats
Trump threatens strikes on Iran’s energy and water infrastructure tomorrow, which is pushing up oil prices and undermining US stocks. US jobs are strong, but wage growth weakens in March - taking pressure off the Fed.
And then in our deep-dive interview, ANZ Economist Maddy Dunk analyses the most recent housing market data in Australia, and says there are signs of a slowdown.
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Thursday: Focus on Trump speech for Iran news
Global stocks are firmer this morning and oil prices slipped on hopes for de-escalation in Iran, but the focus is on a Donald Trump speech due at 1pm Sydney/Melbourne time. And manufacturing in Asia remains strong. For now.
And then in our deep-dive interview, ANZ Commodities Strategist Soni Kumari analyses how the Middle East conflict is affecting the global aluminium market.
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Wednesday: Stocks surge on de-escalation hope
Stocks jump on hopes for de-escalation in Iran. RBA minutes show four dissenters weren’t against hiking, just the timing; And New Zealand business confidence slumps in March as fuel prices jumped.
And then in our deep-dive interview, ANZ Senior Commodities Strategist Daniel Hynes analyses the further impact on oil and the world economy if Red Sea trade becomes disrupted by the Middle East conflic
Tuesday: Markets volatile as Iran conflict goes on
Markets wobbled overnight with conflicting accounts of when the Iran conflict might end. Bond yields fell on hope inflation may not rise too much. And we get data today on Australian lending growth and NZ business confidence.
And then in our deep-dive interview,ANZ Chief Economist for Southeast Asia and India Sanjay Mathur, analyses the fiscal effects of the fuel subsidies, and how long before th
Monday: Markets slide as Iran conflict escalates
The conflict in Iran widens again over the weekend after global stocks and bonds sell off aggressively. Brent crude jumps again, and the US dollar strengthens. And consumer confidence falls in both the United States and New Zealand.
And then in our deep-dive interview, ANZ Economist Henry Russell looks at why the Fed is likely to look through the latest energy price shock, even though it was crit
Friday: Oil up 5% after Trump threatens Iran
Oil rises 5% on uncertainty about a US peace deal with Iran. The Reserve Bank of Australia (RBA) is concerned about higher inflation expectations becoming embedded, and ANZ Research has lowered its Australian GDP forecasts.
And then in our deep-dive interview, ANZ Commodities Strategist Soni Kumari analyses how gold has fallen since the Middle East conflict escalated as US rate cut expectations d
Thursday: Australian inflation eases
Oil eases and stocks rise on Middle East ceasefire hopes, even as Iran rejects a US peace plan. And Australia’s annual inflation fell slightly in February, as household spending eased off.
And then in our deep-dive interview, ANZ Agri Economist Matt Dilly explains how the oil price shock is affecting global fertiliser prices and on-farm costs in New Zealand.
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Wednesday: Australian confidence hits new low
Oil is back up 5% as caution returns to the outlook for the Middle East conflict. The RBNZ signals no knee-jerk moves but is watching inflation expectations. And Australian inflation expectations jump to a record high as confidence plunges.
And then in our deep-dive interview, ANZ Senior Rates Strategist Jennifer Kusuma looks at the tail end risks for Asian economies from a prolonged supply shock
Tuesday: Markets rally as Trump delays strikes
US President Donald Trump has postponed his threatened strikes on Iranian power and desalination plants. Markets rally on hopes for de-escalation. And New Zealand’s new Reserve Bank Governor, Anna Breman, speaks today.
And then in part two of a deep-dive interview with ANZ Senior Commodity Strategist Daniel Hynes, he details why any resumption of oil production won’t be easy, or quick.
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Monday: Middle East conflict escalates again
US President Donald Trump threatens to destroy Iran’s power and water plants. In response, Iran threatens to strike US infrastructure across the Persian Gulf. Markets are set to react badly. Also, ANZ Research changes its call for the next Fed cut.
And then in our deep-dive interview, ANZ Senior Commodity Strategist Daniel Hynes explains how the latest strikes on oil and gas infrastructure in the
Friday: Gas prices rise 35% as conflict widens
Oil hits US$119 a barrel after Iran hits Qatar’s big LNG plant hard. Gas prices rise 35%. The Fed, Bank of Japan and the ECB all hold rates to take stock of the Middle East conflict. Australia’s jobless rate rises.
And then in our deep-dive interview, ANZ Senior Economist Matthew Galt analyses how New Zealand’s economy hung onto growth in Q4.
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Thursday: Eyes turn to BoJ, ECB after Fed call
Oil climbs and stocks fall as Persian Gulf facilities are hit. Australia’s jobs market likely remained tight in February. Attention now turns to the Bank of Japan and ECB after the Fed’s rate decision as this podcast goes to air.
And then our deep-dive interview, ANZ Economist Vicky Xiao Zhou analyses how exposed Asia’s economies are to oil and LNG from the Middle East.
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Wednesday: RBA hikes; another expected
The RBA hikes rates again in a close 5-to-4 vote. Another is on the cards for May. West Texas Oil futures rose about 2% overnight; And all eyes are now on how the Fed reacts to the Middle East conflict tomorrow.
And then our deep-dive interview, ANZ’s Head of Geopolitical Risk, Cameron Mitchell analyses the chances of a longer and wider conflict in the Middle East.
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Tuesday: RBA expected to hike 25 bps today
A few oil tankers have started moving through the Strait of Hormuz, but only from India, China & Turkey. So oil prices softened. And all eyes in Australia are on the Reserve Bank of Australia’s expected rate hike later today.
And then our deep-dive interview, ANZ New Zealand’s Chief Economist Sharon Zollner takes a closer look at how the Reserve Bank of New Zealand might, or might not, react to t
Monday: Middle East conflict escalates
The Strait of Hormuz remains shut to oil tankers as the Middle East conflict escalates. The US strikes Kharg Island & Iran attacks oil facilities in the UAE. Oil is expected to rise over US$100 a barrel in Asian trade later today.
And then our deep-dive interview, ANZ Group Chief Economist Richard Yetsenga analyses the risk now facing central banks and consumers as the Strait remains closed at t
Friday: ANZ Research sees two RBA hikes
The price of Brent crude rises back over US$100/barrel as Iran’s new leader vows to keep the Strait of Hormuz closed. US stocks fall. And ANZ Research upgrades its RBA call to hikes in both March and May.
And then our deep-dive interview ANZ Economist Dhiraj Nim analyses how well-placed India’s key economic players are to withstand a prolonged oil price shock.
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Thursday: Aussie dollar strengthens
The International Energy Agency releases a record 400 million barrels, but oil is back up 5% as the Middle East conflict deepens. US core inflation falls in February. The Australian dollar has strengthened in recent days after hawkish RBA comments.
And then in part 2 of a deep-dive interview on the outlook for Australia’s agri sectors, ANZ’s Head of Agribusiness Mark Bennett analyses the prospect
Wednesday: Oil slumps on stockpile hopes
The oil price slumps back towards US$80, and stocks rise, as traders bet on stockpiles being released. Australian consumers expect higher inflation due to the conflict. China’s chip exports and oil imports surge.
And then in our deep-dive interview, ANZ’s Head of Agribusiness Mark Bennett reviews the headwinds and tailwinds for Australia’s agriculture sectors as we head into Autumn.
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Tuesday: Oil off highs after G7 reassures
Oil prices slid back to US$100/barrel overnight after the G7 said it’s ready to release reserves. China’s consumer price inflation rose in February, but producer prices are still falling. So there’s still room for China to cut rates. And Asia’s currencies are hit hard.
And then in our deep-dive interview, ANZ Greater China Economist Vicky Xiao Zhou explores China’s slower growth target, albeit wi
Monday: US$100/barrel beckons in second week of Iran war
Oil and fuel prices are expected to surge again today as US and Israeli strikes on Iran extend into a second week, and as Iran ramps up strikes on oil facilities around the Gulf, with the Strait of Hormuz still closed.
And then in our deep-dive interview, ANZ Group Chief Economist Richard Yetsenga looks at what an extended war might mean, especially if global asset prices slump and US fuel prices
Friday: Traders look to OPEC for oil clues
Oil prices and jet fuel prices rise as traders look to OPEC for guidance. China sets its lowest growth target since 1991. And Australian household spending is weaker than expected.
And then in part two of our deep-dive interview on Australia’s major projects pipeline, ANZ Senior Economist Adelaide Timbrell explains what’s behind the coming fall in large public projects.
Thursday: Australia's economy grows strongly
The oil price holds overnight on hopes for a resolution to the Iran conflict which were later denied. Korea’s stock exchange plummets on energy cost fears. And Australia’s GDP jumps in the December quarter.
And then in our deep-dive interview, ANZ Senior Economist Adelaide Timbrell assesses the outlook for major infrastructure projects in Australia.
Wednesday: RBA's Bullock says March call 'live'
Oil rises further and US stocks drop as markets fear a longer Middle East conflict and higher inflation. ANZ Research has upgraded its forecast for Q4 GDP out today, and Australia’s housing market and consumers start to soften as the RBA says March’s rate meeting is ‘live’.
And then in our deep-dive interview, ANZ Senior China Strategist Zhaopeng Xing analyses how China’s economy is placed to wit
Tuesday: Gas prices up 50% in Europe
Gas prices jump 50% in Europe after Iranian drone strikes force Qatar to close the world’s largest LNG export facility. Oil prices are up 6% with the Strait of Hormuz still closed. The US dollar strengthens.
And then in our deep-dive interview, ANZ’s Chief Economist for Southeast Asia and India Sanjay Mathur analyses the effects of the latest Iran oil price shock on Asian economies outside of Chi
Monday: Iran retaliation hits oil tanker traffic
The US and Israel bomb Iran and kill its supreme leader. Iran lashes back, rocketing targets throughout the Middle East and importantly for oil markets, hitting ships in Persian Gulf. Oil prices rose 10% in early trading.
And then in our deep-dive interview, ANZ Senior Commodity Strategist Daniel Hynes says markets are focused on how Iran’s retaliation hits oil shipping.
Friday: ANZ Research now sees RBA hike in May
ANZ Research updated its Reserve Bank of Australia call to another rate hike in May, following strong January inflation. Red flags are emerging on New Zealand’s inflation front as well.
And then in our deep-dive interview, ANZ Senior Economist Adelaide Timbrell dives into the details of Australia’s strong January CPI data.
Thursday: Inflation puts pressure on RBA
Chances rise that the RBA may hike in May after inflation stays high in January. The Aussie dollar rose. The US indicates it will respect existing trade agreements. And the Bank of Thailand unexpectedly cuts rates.
And then in our deep-dive interview, ANZ Agri Economist Matt Dilly reviews how New Zealand’s all-important primary industries have weathered the start of 2026.
Wednesday: RBA digs into inflation spike
US stocks rebound after yesterday’s AI slump, and despite Fed officials indicating no March rate cut. The RBA digs into why inflation jumped at the end of 2025, and China leaves key rates unchanged.
And then in our deep-dive interview, ANZ Economist Sophia Angala reviews how Australian consumers have been tracking so far in 2026.
Tuesday: AI fear & tariff uncertainty hit stocks
US software stocks dive on new AI fears. Tariff uncertainty isn’t helping. Australian headline CPI likely fell a bit in January, but core inflation is still humming. And New Zealand’s retail sales rose in the December quarter.
In our deep-dive interview, ANZ’s Senior Commodities Strategist Daniel Hynes talks about why oil markets are on tenterhooks.
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Monday: Supreme Court upends Trump's tariffs
The US Supreme Court rules Donald Trump’s tariffs are illegal, but he won’t give up on them. US GDP is weaker than expected, but inflation for consumers is warmer than forecast. And Malaysian exports surge.
In our deep-dive interview, ANZ Group Chief Economist Richard Yetsenga analyses the impact of the Supreme Court’s tariff block, including on the US Government deficit and its borrowing.
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Friday: Oil up on fear of Iran strikes 'within days'
Oil prices jump on reports the US could strike Iran within days. ANZ Research sees three Fed rate cuts this year, rather than two, but starting in June, rather than March. Australia’s jobless rate was flat in February, which the RBA may consider is still tight.
In our deep-dive interview, ANZ Senior Economist Miles Workman has released his latest outlook for the New Zealand economy.
Before acc
Thursday: RBNZ signals hike by end of year
The Reserve Bank of New Zealand holds and forecasts a rate hike this year, just not as early as markets expected. The Kiwi dollar falls over 1%. Australian wages continue growing strongly. And the Bank of England is set to cut rates from March.
In our deep-dive interview, ANZ Group Chief Economist Richard Yetsenga examines Fed Chair Kevin Warsh’s view that an AI productivity surge will allow for
Wednesday: Another RBA hike not a sure thing
The RBA’s rate hike meeting minutes indicate another move higher is not a foregone conclusion. And the Reserve Bank of New Zealand is expected to hold rates today, but all eyes are on its future rate track.
In the final part of our deep-dive interview on the Year of the Fire Horse, ANZ’s Chief Economist for Greater China Raymond Yeung talks about the outlook for interest rates, the Yuan and the p
