US investors start the week nervously ahead of tariff news they’ve yet to fully price in. Gold hits a new high. Japanese inflation is rising, which is seen leading to another Bank of Japan rate hike. And New Zealand consumer confidence fell in March.
In our bonus deep dive interview, ANZ’s Head of G3 Economics Brian Martin looks at who might be the winners and losers in the tariffs Donald Trump is set to confirm, or at least announce, on Wednesday night.
5 things to know in 5 minutes:
Financial markets and the global economy are on tenterhooks for tariff announcements, starting with a review released tomorrow, then more details on tariffs on Wednesday night. ANZ Group Chief Economist Richard Yetsenga says markets face almost complete uncertainty.
ANZ’s Head of G3 Economics Brian Martin says investors have not fully priced in the potential economic, profit and value effects of tariffs.
Inflation in Tokyo in March was stronger than expected at 2.4% from a year ago. ANZ Senior International Economist Tom Kenny says it’s a useful leading indicator the Bank of Japan will be watching closely.
Consumer confidence in New Zealand took another tumble in March. ANZ New Zealand Chief Economist Sharon Zollner says consumers aren’t yet feeling the effects of recovery underway.
Sharon says consumers are going to be among the last to feel the benefits of an economic recovery
Cheers,
Bernard
PS: Catch you tomorrow with a preview of the Reserve Bank of Australia’s rates decision.
