US retail sales are soft and US producer prices fall. The RBA is expected to look through Australia’s jobs market surge in April, and New Zealand house prices appear to have turned a corner.

In our deep-dive interview, ANZ Commodities Strategist Soni Kumari looks into shifting patterns in Chinese Gold demand, and what that might do to the Gold price.

Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

US markets are mixed after Donald Trump’s partial de-escalation of tariffs on China. Investors are looking ahead to US retail sales data tonight. Australian wage growth beats forecasts before jobs data today, while housing lending fell before the election. And New Zealand’s migrant departures hit a new record high.

In our deep-dive interview, ANZ Chief Economist for Southeast Asia and India, Sanjay Mathur, looks at the ability for ASEAN economies and India to use fiscal policy to respond to the economic effects of US tariffs.

Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

US stocks and oil bounce on lower US inflation and another cut in tariffs on China, sending the Aussie and Kiwi dollars up around 1.5% overnight. Lower inflation in India sets a path for a June rate cut. And consumer confidence rises again in Australia.

In our deep-dive interview, ANZ Economist Vicky Xiao Zhou analyses the US-China trade deal, and what to expect next.

Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

US stocks, the US dollar and oil prices surged overnight on hopes a US deal with China to both slash their tariffs for 90 days will stick, and revive growth prospects. Gold, safe haven currencies and bond prices fell. Markets will now focus on US inflation data tonight.

In our deep-dive interview, ANZ Australia Economist Sophia Angala analyses why China’s domestic growth means more for Australia’s exporters than China’s exports.

Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

The US reports substantial progress in weekend trade talks with China. A ceasefire between India and Pakistan is holding. China re-routed a lot of exports to Asia and Europe in April. ANZ Research raises its milk price forecasts in New Zealand to a record high $10/kg.

In our deep-dive interview, ANZ Economist Bansi Madhavani explains a divergence that has developed between the economies of South Korea and Taiwan, despite facing the same tariff shocks to their exports to the United States

Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Markets rally after the US does a trade deal with the UK that keeps the 10% baseline tariff on most imports. The Bank of England cuts rates, but hawkishly. And exports from Taiwan and Vietnam jumped unexpectedly in April after US importers front-loaded shipments as soon as the 90-day US tariff pause started.

In our bonus Deep Dive interview, ANZ Economist Dhiraj Nim looks at how the China-plus-one diversification strategy has affected regional Foreign Direct Investment flows in surprising ways.

Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

The Fed has held, as expected. China has lowered interest rates to cushion its domestic economy from the Liberation Day tariff shock. Those lower rates have unleashed extra funds going out of China and into Hong Kong, putting upward pressure on its currency peg with the US dolllar. And New Zealand jobs data was soft, despite a better than expected unemployment rate.

In our bonus Deep Dive interview, ANZ’s Senior Rates Strategist Jack Chambers explains how Australia’s A$4 trillion pension savings system is improving Australia’s current account deficit.

Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

US stocks fall on a lack of trade deals ahead of tomorrow’s FOMC decision. The US trade deficit blows out on import stockpiling ahead of Trump’s tariffs. The UK signs a trade deal with India, and China’s consumers spend strongly over a holiday weekend.

In our bonus Deep Dive interview, ANZ’s Senior Rates Strategist Jack Chambers explains how Australia’s A$4 trillion pension savings system is reducing the nation’s previous reliance on foreign capital.

Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

The Taiwan dollar surges, forcing central bank intervention. The Hong Kong Monetary Authority also intervenes to stop the Hong Kong dollar breaking its peg. Oil prices slide on extra production from OPEC. Indonesia is set to cut interest rates.

In our bonus Deep Dive interview, ANZ’s Chief Economist for Southeast Asia and India, Sanjay Mathur, looks at whether a sharp selloff in India’s stock market is justified.

Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Oil prices are set to fall again with Saudi Arabia expected to force through a deal to increase output later today. Australia’s election result suggests incumbent Governments are safer than they used to be. ANZ Research trims its Australian GDP forecasts. And Indonesia’s GDP growth is softening.

In our bonus Deep Dive interview, ANZ Senior Commodities strategist Daniel Hynes says metals markets should prepare for strategic reserves building of the type already seen in oil markets.

Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/