Global stocks are treading water as traders turn their attention to critical US inflation data later this week.
In our bonus deep dive interview, ANZ Senior Economist Adelaide Timbrell takes a closer look at the housing supply and demand drivers behind slower price growth expected in 2024.
5 things to know:
The S&P 500 was flat and European stocks fell slightly overnight as traders turned their attention to Thursday night’s US inflation data, says ANZ Head of FX Research Mahjabeen Zaman.
Japan’s CPI data today is expected to show annual core inflation dropping below the Bank of Japan’s 2% target.
The Aussie and Kiwi dollars were both weaker this morning, as markets jostle ahead of Wednesday’s RBNZ decision and Australia’s monthly CPI.
Lithium’s price bust may have further to go, says ANZ’s Senior Commodities Strategist Daniel Hynes.
Fiji’s population decline in recent years may be set to turn as Australia and New Zealand tighten migration policies, says ANZ International Economist Kishti Sen.
Cheers
Bernard
PS: Catch you tomorrow for full previews of the Reserve Bank of New Zealand’s interest rate decision and Australian monthly CPI data.
