China is expected to launch a stimulus package after very weak economic data. Global markets are focused on the Fed starting its rate-cutting cycle. The US dollar may hold up despite lower rates. NZ’s housing market is gearing up for Spring.
In part two of our bonus Deep Dive interview, Australia-Asia Society CEO Anthony Bubalo talked at the ANZ-sponsored AFR Asia Summit in Melbourne about the nuances businesses now face when thinking about geopolitics.
5 things to know:
China’s economic data dump over the weekend was disappointing, says ANZ Chief Economist for Greater China Raymond Yeung.
Raymond now expects the authorities in Beijing to respond with a stimulus package to revive nominal GDP growth.
ANZ Group Chief Economist Richard Yetsenga says the long-awaited Fed easing is set to finally arrive later this week.
ANZ Head of FX Research Mahjabeen Zaman says the US dollar was solid during the Fed’s last easing cycle in 2019 because of reserve currency demand.
New Zealand’s housing market has had a soft winter, but ANZ Economist Henry Russell says the advent of Spring is set to boost activity and appetites.
Cheers
Bernard
PS: Catch you tomorrow with more on the potential China stimulus package.
