US markets stick with September rate cut bets after the Fed Chair delivers ‘something for everyone’ in Senate appearance; Australian consumers are more gloomy after headlines the RBA could hike, and New Zealand’s Reserve Bank is expected to hold rates later today.

In our bonus deep dive interview, ANZ Head of FX Research Mahjabeen Zaman analyses where both the Aussie and Kiwi dollars are headed this year - and which looks set to come out on top.

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

Global markets are treading water this morning ahead of Congressional testimonies from Fed Chair Jay Powell and US CPI numbers. Meanwhile in Australia, housing lending dropped in May, dragged down by a sopping wet New South Wales.

In our bonus deep dive interview, ANZ Economist Maddy Dunk explains why Western Australia is performing so well in ANZ’s Stateometer report.

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

Global stocks begin the week at record highs after soft US jobs data boosted hopes the Fed will cut in September. European markets are on tenterhooks for French election results. And inflation in Thailand and the Philippines is weaker than expected.

In our bonus deep dive interview, ANZ Chief Economist for Southeast Asia and India Sanjay Mathur explains how exports are driving growth in Asia as consumption moderates.

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

European markets firm ahead of election results. Markets are quiet on Independence Day holiday ahead of key US non-farm payrolls jobs figures tonight. And strong iron ore exports can’t stop Australia’s trade surplus from narrowing.

In our bonus deep dive interview, ANZ Head of FX Research Mahjabeen Zaman looks at the potential effect on markets and the Euro of the possible results in Sunday’s French election.

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

Expectations the Fed will cut in September firm after softer US jobs and services data; Australia’s retail sales and building approvals are surprisingly strong; China’s services growth weakens, while price pressures fall in Japan.

In our bonus deep dive interview, ANZ Head of FX Research Mahjabeen Zaman analyses how the pound might react under different British election result scenarios.

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

Fed Chair Jerome Powell supports rate cut bets by citing progress on inflation and jobs, although stronger jobs data tempers the market reaction. The RBA’s board minutes show a hike is on the table, and New Zealand price pressures ease.

In our bonus deep dive interview, ANZ Senior Commodity Analyst Daniel Hynes looks at how commodity prices are generally boosted during rate cutting cycles.

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US Treasury yields jump on growing expectations Donald Trump will win the US Presidency and run looser fiscal policy. European stocks rise after a smaller-than-expected win by France’s right wing. The Yen hits a fresh 38-year low.

In our bonus deep dive interview, ANZ Senior Economist Catherine Birch explains how Australia’s inflation cycle compares to the rest of the world, and why services inflation is so sticky.

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

US PCE inflation data on Friday has boosted bets the Fed can cut in September. Markets will focus on US jobs data this week. Today’s Tankan survey will give clues on whether the Bank of Japan can hike again in July.

In our bonus deep dive interview, ANZ Senior Economist Catherine Birch explains why ANZ has lifted its Q2 forecast for Australian inflation.

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

Soft US data has lifted bets for Fed rate cuts this year ahead of May’s PCE inflation print today. There’s good news on inflation pressures in New Zealand. The Philippines central bank holds rates, but looks to pull its easing cycle forward.

In our bonus deep dive interview, ANZ Chief Economist for Greater China Raymond Yeung explains why Chinese authorities are pushing for the RMB to become a global reserve currency.

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

There’s a headache for the RBA after Australia’s CPI indicator rose more than expected in May. And the Yen weakened overnight through 160 to the US dollar, to its lowest level since 1986.

In our bonus deep dive interview, ANZ Chief Economist for Greater China Raymond Yeung analyses recent ‘de-dollarisation.’

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