US interest rates kept falling overnight after last week’s soft jobs data. So gold jumped to a new record high. Japan’s GDP is revised higher. And China’s exports to the US fell 33% in August.
In our Deep Dive interview, ANZ Pacific Economist Kishti Sen has analysed the economic impact on Fiji from the home games of its mens and womens rugby union teams, known as the Drua.
5 things to know in 5 minutes:
US bond yields kept falling overnight, helping to push gold prices to fresh record highs of US$3,684/oz. Meanwhile, the market focus in Europe is on the European Central Bank’s rates decision on Thursday. ANZ Economist Bansi Madhavani sees the ECB holding.
Europe’s inflation is well-behaved, says Bansi.
US CPI inflation data due on Thursday is expected to show a tariff-driven blip higher, although markets are more focused on the slowing economic growth, rather than inflation right now, says ANZ Head of FX Research Mahjabeen Zaman.
China’s exports to the US fell 33% in August and tariffs are expected to drag on GDP growth in the December quarter, says ANZ China Economist Vicky Xiao Zhou.
Japan’s GDP growth rate in the June quarter from a year ago has been revised up to 2.2% from an initial estimate for 1.0% growth, says Mahjabeen.
Cheers,
Bernard.
PS: Catch you tomorrow with with business and consumer confidence news from Australia.
