US consumer confidence slumps into recession territory, Australia’s Budget reveals a surprise tax cut, while future spending plans sit near expectations. Oil prices fall as Ukraine agrees a partial ceasefire.

In our bonus deep dive interview, ANZ Senior International Economist Tom Kenny analyses how the Federal Open Markets Committee’s projections for the US GDP have changed, and how rising uncertainty is hitting the world’s largest economy.

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

US stocks rally on hopes Donald Trump will soften the blow of tariffs due next week. Flash PMIs for the US economy reassure. ANZ Research raises gold forecast to US$3,200 an ounce. And all eyes tonight are on Australia’s Federal Budget.

In our bonus deep dive interview, ANZ Senior Commodity Strategist Daniel Hynes reveals two vastly different approaches to slumps in cobalt and lithium prices.

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

ANZ Research has lowered its US growth forecast, while also nudging its China GDP forecast higher. Donald Trump’s big tariff day on April 2 will be a key moment for global markets, and Japan’s inflation is rising nicely for more Bank of Japan rate hikes.

In our bonus deep dive interview, ANZ Head of Australian Economics Adam Boyton previews tomorrow night’s Federal Budget.

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

The Bank of England holds. New Trump sanctions on Iran pump up oil prices by 1.7%. Australia’s big jobs fall in February is not expected to force more RBA cuts, while New Zealand’s stronger Q4 growth shouldn’t stop RBNZ from cutting more.

In our bonus deep dive interview, ANZ Economist Henry Russell digs into what led to New Zealand’s faster-than-expected growth at the end of 2024.

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

The Fed has just held US official interest rates, but has forecast slower growth and two more rate cuts. Traders pushed the US dollar and market interest rates down. Gold jumped to a new high. The Bank of Japan also holds, but is expected to keep hiking. Australian jobs data today is forecast to show more growth. NZ GDP is forecast to bounce.

In our bonus deep dive interview, ANZ Pacific Economist Kishti Sen looks at Fiji’s growth outlook and considers what is needed to drive growth.

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

US markets fall ahead of tomorrow morning’s rate decision by the FOMC. The Bank of Japan is expected to hold rates today, German policy makers get ready to take on more debt, and Australian consumers reveal their lowest confidence so far this year.

In our bonus deep dive interview, ANZ Head of Australian Economics Adam Boyton explains what the Reserve Bank of Australia means when it says it will make ‘data dependent’ decisions.

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

US retail sales are sluggish and dragging on US GDP growth. China’s economy outperforms expectations, so ANZ Research lifts its China GDP growth forecasts for 2025 and 2026. New Zealand’s housing market is stirring, but slowly.

In our bonus deep dive interview, ANZ China Strategist Zhaopeng Xing analyses China’s fiscal response to soften the economic impact of US tariffs.

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

Gold finally jumps through US$3,000 an ounce. US consumer confidence about jobs and inflation slumps. New Zealand’s GDP data is expected to show growth returned in the December quarter. And the Fed is expected to hold later this week.

In our bonus deep dive interview, ANZ Group Chief Economist Richard Yetsenga analyses how all the Trump tariff turmoil is affecting global markets and the US economy.

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

US stocks slide again after a new Trump tariff threat. US inflation data was below forecasts. Migrant departures from New Zealand hit a record high, and Australian businesses didn’t get the same boost as consumers did from the RBA’s rate cut.

In our bonus deep dive interview, ANZ Economist Sophia Angala analyses the impact on Australia from the Trump Administration’s new metals tariffs.

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

US inflation is below forecasts. Donald Trump ‘un-doubles’ Canada tariffs, but sets global steel and aluminium ones. Japanese bond yields hit their highest since 2008, thanks to safe-haven demand. And New Zealand’s trucks got moving in February.

In our bonus deep dive interview, ANZ Economist Dhiraj Nim looks at how India’s growth rate over the next year may come in below potential, opening room for rate cuts as annual inflation falls, as it did in February to a weaker-than-expected 3.6%.

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