US stocks rally on hopes Donald Trump will soften the blow of tariffs due next week. Flash PMIs for the US economy reassure. ANZ Research raises gold forecast to US$3,200 an ounce. And all eyes tonight are on Australia’s Federal Budget.
In our bonus deep dive interview, ANZ Senior Commodity Strategist Daniel Hynes reveals two vastly different approaches to slumps in cobalt and lithium prices.
5 things to know in 5 minutes:
Stock markets are rallying on hopes Donald Trump will soften the impact of tariffs. ANZ’s Head of G3 Economics Brian Martin says there’s talk specific sector tariffs won’t be as high as the 25% once feared.
Brian says mildly positive flash PMI surveys also helped boost sentiment.
ANZ’s Head of FX Research Mahjabeen Zaman explains ANZ Research’s increase in its six month forecast for the gold price to US$3,200/oz.
ANZ’s Head of Asia Research Khoon Goh says the Monetary Authority of Singapore (MAS) now has space to ease after softer than forecast inflation data for January and February.
ANZ Group Chief Economist Richard Yetsenga says the Australian Federal Government’s Budget tonight will be released in the shadow of a General Election that is about to be called.
Cheers,
Bernard
PS: Catch you tomorrow with the detail from tonight’s Australian Budget from ANZ Australia Senior Economist Adelaide Timbrell.
