US manufacturing surveys are weak. Donald Trump is set to unveil more trade deals. The Reserve Bank of Australia’s board meeting minutes point to a rate cut in August. And New Zealand trade data shows the effects of US tariffs.
In our deep dive interview, ANZ Economist Bansi Madhavani analyses what’s behind Taiwan’s record export growth this year.
5 things to know in 5 minutes:
US manufacturing surveys out overnight from the Philly Fed and Richmond Fed were weak, says ANZ Head of G3 Economics Brian Martin. He also gives us a heads up Donald Trump is set to unveil more trade deals.
Minutes of the Reserve Bank of Australia’s July board meeting support views of further rate cuts, ANZ Head of Australian Economics Adam Boyton says.
Adam says he continues to expect 25 basis point rate cuts in August and November.
ANZ Roy Morgan Australian Consumer Confidence was steady at 86.3 points last week. ANZ Economist Maddy Dunk notes that while economic confidence rose, confidence in people’s own financial conditions fell.
New Zealand’s merchandise trade balance returned to a small deficit in June. ANZ Senior Economist Matthew Galt says export volumes and prices have come back from a recent peak and potentially mark a turning point.
Cheers,
Bernard.
PS: Catch you tomorrow with analysis of June inflation data in Singapore and Malaysia.
