The Fed signals it’s on hold for the next month at least. China’s economy slows markedly. And the Reserve Bank of New Zealand’s new Governor unexpectedly tells markets not to bet so hard on rate hikes soon.
In our Deep-Dive interview, ANZ Senior Commodities Strategist Daniel Hynes has analysed the potential effects on the global oil market of a possible peace deal between Ukraine and Russia, no deal with the status quo, or no deal with much tougher sanctions.
5 things to know in 5 minutes:
New York Federal Reserve President John Williams spoke overnight to reinforce Chair Jerome Powell’s message from last week that the Fed doesn’t need to cut again as early as next month, says ANZ Economist Henry Russell.
China’s economy slowed noticeably in November, with retail sales growth of 1.3% from a year ago being less than half the growth rate in November and less than half economists’ expectations.
ANZ Greater China Economist Vicky Xiao Zhou says the chances of China’s authorities responding with further measures to boost consumer spending have risen because of the weak data for November.
The new Governor of the Reserve Bank of New Zealand, Dr Anna Breman, unexpectedly told financial markets they were getting a bit ahead of themselves with forecasts of rate hikes next year, says ANZ NZ Chief Economist Sharon Zollner.
Japan’s Tankan survey of business sentiment in the three months to December found the best result in four years, says ANZ FX Strategist Felix Ryan.
Cheers,
Bernard.
Catch you tomorrow with the last 5 in 5 with ANZ for 2025, where we’ll review the year that was, and look ahead to 2026.
