5 in 5 with ANZ
5 in 5 with ANZ
Monday: Oil slide boosting Asian economies
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Monday: Oil slide boosting Asian economies

BoJ holds as expected; Eyes ahead to RBA; Krystal Tan on how falling oil prices are lowering inflation & boosting current accounts in parts of Southeast Asia, allowing more interest rate cutting

Global markets are digesting the Fed’s super-sized cut and the Bank of Japan’s decision to hold its rates, as expected. Trading and investing focus now turns to RBA rates decision on Tuesday. China’s yuan surges as exporters bring cash home.

In our bonus deep dive interview, ANZ Asia Economist Krystal Tan analyses how lower oil prices are helping some South East Asian economies more than others.

5 things to know:

  1. Global stocks closed up mildly on Friday as investors digested the Fed’s big decision and the Bank of Japan’s slightly dovish hold. ANZ Group Chief Economist Richard Yetsenga says the Fed has some more explaining to do.

  2. Richard says the Fed has now flipped to focusing on the jobs market, rather than inflation.

  3. The main focus for markets in Australasia this week is the RBA’s monthly cash rate decision tomorrow. Markets see the rate on hold.

  4. China’s yuan rose through 7.04 per US$ on Friday as exporters moved to repatriate cash stored overseas, says ANZ Asia’s Head of Research Khoon Goh.

  5. Richard explains why Australia is the exception to the trend of falling official interest rates, for now at least.

Cheers

Bernard

PS: Catch you tomorrow with a closer preview of the RBA decision.

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5 in 5 with ANZ
5 in 5 with ANZ
A daily podcast hosted by Bernard Hickey that gives you the five things you need to know about the global economy and markets in under five minutes. Plus a deep dive into emerging trends and issues featuring ANZ's global team of experts.