5 in 5 with ANZ

Oil eases and stocks rise on Middle East ceasefire hopes, even as Iran rejects a US peace plan. And Australia's annual inflation fell slightly in February, as household spending eased off. And then in our deep-dive interview, ANZ Agri Economist Matt Dilly explains how the oil price shock is affecting global fertiliser prices and on-farm costs in New Zealand. Before accessing this podcast, please read the disclaimer at ⁠https://www.anz.com/institutional/five-in-five-podcast/⁠

Oil is back up 5% as caution returns to the outlook for the Middle East conflict. The RBNZ signals no knee-jerk moves but is watching inflation expectations. And Australian inflation expectations jump to a record high as confidence plunges. And then in our deep-dive interview, ANZ Senior Rates Strategist Jennifer Kusuma looks at the tail end risks for Asian economies from a prolonged supply shock due to the Middle East conflict. Before accessing this podcast, please read the disclaimer at ⁠https://www.anz.com/institutional/five-in-five-podcast/⁠

US President Donald Trump has postponed his threatened strikes on Iranian power and desalination plants. Markets rally on hopes for de-escalation. And New Zealand's new Reserve Bank Governor, Anna Breman, speaks today. And then in part two of a deep-dive interview with ANZ Senior Commodity Strategist Daniel Hynes, he details why any resumption of oil production won't be easy, or quick. Before accessing this podcast, please read the disclaimer at ⁠https://www.anz.com/institutional/five-in-five-podcast/⁠

US President Donald Trump threatens to destroy Iran's power and water plants. In response, Iran threatens to strike US infrastructure across the Persian Gulf. Markets are set to react badly. Also, ANZ Research changes its call for the next Fed cut. And then in our deep-dive interview, ANZ Senior Commodity Strategist Daniel Hynes explains how the latest strikes on oil and gas infrastructure in the Gulf will change global energy markets, structurally. Before accessing this podcast, please read the disclaimer at ⁠https://www.anz.com/institutional/five-in-five-podcast/⁠

Oil hits US$119 a barrel after Iran hits Qatar's big LNG plant hard. Gas prices rise 35%. The Fed, Bank of Japan and the ECB all hold rates to take stock of the Middle East conflict. Australia's jobless rate rises. And then in our deep-dive interview, ANZ Senior Economist Matthew Galt analyses how New Zealand's economy hung onto growth in Q4. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Oil climbs and stocks fall as Persian Gulf facilities are hit. Australia's jobs market likely remained tight in February. Attention now turns to the Bank of Japan and ECB after the Fed's rate decision as this podcast goes to air. And then our deep-dive interview, ANZ Economist Vicky Xiao Zhou analyses how exposed Asia's economies are to oil and LNG from the Middle East. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

The RBA hikes rates again in a close 5-to-4 vote. Another is on the cards for May. West Texas Oil futures rose about 2% overnight; And all eyes are now on how the Fed reacts to the Middle East conflict tomorrow. And then our deep-dive interview, ANZ's Head of Geopolitical Risk, Cameron Mitchell analyses the chances of a longer and wider conflict in the Middle East. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

A few oil tankers have started moving through the Strait of Hormuz, but only from India, China & Turkey. So oil prices softened. And all eyes in Australia are on the Reserve Bank of Australia's expected rate hike later today. And then our deep-dive interview, ANZ New Zealand's Chief Economist Sharon Zollner takes a closer look at how the Reserve Bank of New Zealand might, or might not, react to the energy price shock coming out of the Middle East conflict. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

The Strait of Hormuz remains shut to oil tankers as the Middle East conflict escalates. The US strikes Kharg Island & Iran attacks oil facilities in the UAE. Oil is expected to rise over US$100 a barrel in Asian trade later today. And then our deep-dive interview, ANZ Group Chief Economist Richard Yetsenga analyses the risk now facing central banks and consumers as the Strait remains closed at the start of a third week. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

The price of Brent crude rises back over US$100/barrel as Iran's new leader vows to keep the Strait of Hormuz closed. US stocks fall. And ANZ Research upgrades its RBA call to hikes in both March and May. And then our deep-dive interview ANZ Economist Dhiraj Nim analyses how well-placed India's key economic players are to withstand a prolonged oil price shock. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

The International Energy Agency releases a record 400 million barrels, but oil is back up 5% as the Middle East conflict deepens. US core inflation falls in February. The Australian dollar has strengthened in recent days after hawkish RBA comments. And then in part 2 of a deep-dive interview on the outlook for Australia's agri sectors, ANZ's Head of Agribusiness Mark Bennett analyses the prospects for dairy and wool. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

The oil price slumps back towards US$80, and stocks rise, as traders bet on stockpiles being released. Australian consumers expect higher inflation due to the conflict. China's chip exports and oil imports surge. And then in our deep-dive interview, ANZ's Head of Agribusiness Mark Bennett reviews the headwinds and tailwinds for Australia's agriculture sectors as we head into Autumn. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Oil prices slid back to US$100/barrel overnight after the G7 said it's ready to release reserves. China's consumer price inflation rose in February, but producer prices are still falling. So there's still room for China to cut rates. And Asia's currencies are hit hard. And then in our deep-dive interview, ANZ Greater China Economist Vicky Xiao Zhou explores China's slower growth target, albeit with much better exports than most expected last year.

Oil prices slid back to US$100/barrel overnight after the G7 said it's ready to release reserves. China's consumer price inflation rose in February, but producer prices are still falling. So there's still room for China to cut rates. And Asia's currencies are hit hard.And then in our deep-dive interview, ANZ Greater China Economist Vicky Xiao Zhou explores China's slower growth target, albeit with much better exports than most expected last year.Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Oil and fuel prices are expected to surge again today as US and Israeli strikes on Iran extend into a second week, and as Iran ramps up strikes on oil facilities around the Gulf, with the Strait of Hormuz still closed. And then in our deep-dive interview, ANZ Group Chief Economist Richard Yetsenga looks at what an extended war might mean, especially if global asset prices slump and US fuel prices soar ahead of US midterm elections in November.

Oil and fuel prices are expected to surge again today as US and Israeli strikes on Iran extend into a second week, and as Iran ramps up strikes on oil facilities around the Gulf, with the Strait of Hormuz still closed.And then in our deep-dive interview, ANZ Group Chief Economist Richard Yetsenga looks at what an extended war might mean, especially if global asset prices slump and US fuel prices soar ahead of US midterm elections in November.Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Oil prices and jet fuel prices rise as traders look to OPEC for guidance. China sets its lowest growth target since 1991. And Australian household spending is weaker than expected. And then in part two of our deep-dive interview on Australia's major projects pipeline, ANZ Senior Economist Adelaide Timbrell explains what's behind the coming fall in large public projects.

Oil prices and jet fuel prices rise as traders look to OPEC for guidance. China sets its lowest growth target since 1991. And Australian household spending is weaker than expected.And then in part two of our deep-dive interview on Australia's major projects pipeline, ANZ Senior Economist Adelaide Timbrell explains what's behind the coming fall in large public projects.Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

The oil price holds overnight on hopes for a resolution to the Iran conflict which were later denied. Korea's stock exchange plummets on energy cost fears. And Australia's GDP jumps in the December quarter. And then in our deep-dive interview, ANZ Senior Economist Adelaide Timbrell assesses the outlook for major infrastructure projects in Australia.

The oil price holds overnight on hopes for a resolution to the Iran conflict which were later denied. Korea's stock exchange plummets on energy cost fears. And Australia's GDP jumps in the December quarter.And then in our deep-dive interview, ANZ Senior Economist Adelaide Timbrell assesses the outlook for major infrastructure projects in Australia.Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Oil rises further and US stocks drop as markets fear a longer Middle East conflict and higher inflation. ANZ Research has upgraded its forecast for Q4 GDP out today, and Australia's housing market and consumers start to soften as the RBA says March's rate meeting is ‘live'. And then in our deep-dive interview, ANZ Senior China Strategist Zhaopeng Xing analyses how China's economy is placed to withstand the Iran oil price shock.

Oil rises further and US stocks drop as markets fear a longer Middle East conflict and higher inflation. ANZ Research has upgraded its forecast for Q4 GDP out today, and Australia's housing market and consumers start to soften as the RBA says March's rate meeting is ‘live'.And then in our deep-dive interview, ANZ Senior China Strategist Zhaopeng Xing analyses how China's economy is placed to withstand the Iran oil price shock.Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Gas prices jump 50% in Europe after Iranian drone strikes force Qatar to close the world's largest LNG export facility. Oil prices are up 6% with the Strait of Hormuz still closed. The US dollar strengthens. And then in our deep-dive interview, ANZ's Chief Economist for Southeast Asia and India Sanjay Mathur analyses the effects of the latest Iran oil price shock on Asian economies outside of China.

Gas prices jump 50% in Europe after Iranian drone strikes force Qatar to close the world's largest LNG export facility. Oil prices are up 6% with the Strait of Hormuz still closed. The US dollar strengthens.And then in our deep-dive interview, ANZ's Chief Economist for Southeast Asia and India Sanjay Mathur analyses the effects of the latest Iran oil price shock on Asian economies outside of China.Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

The US and Israel bomb Iran and kill its supreme leader. Iran lashes back, rocketing targets throughout the Middle East and importantly for oil markets, hitting ships in Persian Gulf. Oil prices rose 10% in early trading. And then in our deep-dive interview, ANZ Senior Commodity Strategist Daniel Hynes says markets are focused on how Iran's retaliation hits oil shipping.

The US and Israel bomb Iran and kill its supreme leader. Iran lashes back, rocketing targets throughout the Middle East and importantly for oil markets, hitting ships in Persian Gulf. Oil prices rose 10% in early trading.And then in our deep-dive interview, ANZ Senior Commodity Strategist Daniel Hynes says markets are focused on how Iran's retaliation hits oil shipping.Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

ANZ Research updated its Reserve Bank of Australia call to another rate hike in May, following strong January inflation. Red flags are emerging on New Zealand's inflation front as well. And then in our deep-dive interview, ANZ Senior Economist Adelaide Timbrell dives into the details of Australia's strong January CPI data.

ANZ Research updated its Reserve Bank of Australia call to another rate hike in May, following strong January inflation. Red flags are emerging on New Zealand's inflation front as well.And then in our deep-dive interview, ANZ Senior Economist Adelaide Timbrell dives into the details of Australia's strong January CPI data.Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Chances rise that the RBA may hike in May after inflation stays high in January. The Aussie dollar rose. The US indicates it will respect existing trade agreements. And the Bank of Thailand unexpectedly cuts rates. And then in our deep-dive interview, ANZ Agri Economist Matt Dilly reviews how New Zealand's all-important primary industries have weathered the start of 2026.

Chances rise that the RBA may hike in May after inflation stays high in January. The Aussie dollar rose. The US indicates it will respect existing trade agreements. And the Bank of Thailand unexpectedly cuts rates.And then in our deep-dive interview, ANZ Agri Economist Matt Dilly reviews how New Zealand's all-important primary industries have weathered the start of 2026.Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

US stocks rebound after yesterday's AI slump, and despite Fed officials indicating no March rate cut; The RBA digs into why inflation jumped at the end of 2025; And China leaves key rates unchanged.And then in our deep-dive interview, ANZ Economist Sophia Angala reviews how Australian consumers have been tracking so far in 2026.Before accessing this podcast, please read the disclaimer at ⁠⁠https://www.anz.com/institutional/five-in-five-podcast/

US stocks rebound after yesterday's AI slump, and despite Fed officials indicating no March rate cut. The RBA digs into why inflation jumped at the end of 2025, and China leaves key rates unchanged. And then in our deep-dive interview, ANZ Economist Sophia Angala reviews how Australian consumers have been tracking so far in 2026.

US software stocks dive on new AI fears. Tariff uncertainty isn't helping. Australian headline CPI likely fell a bit in January, but core inflation is still humming. And New Zealand's retail sales rose in the December quarter. In our deep-dive interview, ANZ's Senior Commodities Strategist Daniel Hynes talks about why oil markets are on tenterhooks. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

The US Supreme Court rules Donald Trump's tariffs are illegal, but he won't give up on them. US GDP is weaker than expected, but inflation for consumers is warmer than forecast. And Malaysian exports surge. In our deep-dive interview, ANZ Group Chief Economist Richard Yetsenga analyses the impact of the Supreme Court's tariff block, including on the US Government deficit and its borrowing. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Oil prices jump on reports the US could strike Iran within days. ANZ Research sees three Fed rate cuts this year, rather than two, but starting in June, rather than March. Australia's jobless rate was flat in February, which the RBA may consider is still tight. In our deep-dive interview, ANZ Senior Economist Miles Workman has released his latest outlook for the New Zealand economy. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

The Reserve Bank of New Zealand holds and forecasts a rate hike this year, just not as early as markets expected. The Kiwi dollar falls over 1%. Australian wages continue growing strongly. And the Bank of England is set to cut rates from March. In our deep-dive interview, ANZ Group Chief Economist Richard Yetsenga examines Fed Chair Kevin Warsh's view that an AI productivity surge will allow for faster growth with lower rates. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

The RBA's rate hike meeting minutes indicate another move higher is not a foregone conclusion. And the Reserve Bank of New Zealand is expected to hold rates today, but all eyes are on its future rate track. In the final part of our deep-dive interview on the Year of the Fire Horse, ANZ's Chief Economist for Greater China Raymond Yeung talks about the outlook for interest rates, the Yuan and the property market. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Japanese GDP is weak, but Thailand's economic growth beat forecasts. New Zealand's housing market is soft. And the Reserve Bank of New Zealand (RBNZ) is expected to hold its official cash rate tomorrow. In part two of our deep-dive interview, ANZ's Chief Economist for Greater China, Raymond Yeung, talks about China's exports, jobs, and the AI boom. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

US inflation is slightly weaker than expected. The Aussie dollar is riding higher after the RBA's rate hike. Nickel prices are stabilising after Indonesia confirmed supply cuts. And Malaysia's GDP growth beats forecasts. In our Deep-Dive interview, ANZ Chief Economist for Greater China Raymond Yeung starts unpacking his 10 themes for the year of the fire horse. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Gold, silver and global stocks are down ahead of key US inflation data tonight, with investors switching into bonds, so yields fell overnight. UK GDP barely grew in the last nine months of 2025, which is expected to lead to BoE rate cuts. In our Deep-Dive interview, ANZ Senior Commodities Strategist Daniel Hynes examines headwinds in the global iron ore market. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

US jobs growth is higher than expected in January, pushing market expectations towards a July cut by the Fed. ANZ Research lowers its Australian growth forecast after last week's RBA hike, slightly. And Australian first home buyers jumped into the market in the December quarter. In our Deep-Dive interview, ANZ Senior Pacific Economist Kishti Sen analyses Papua New Guinea's economic performance as international capital looks to invest in large infrastructure projects. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

US retail sales stall, suggesting a Fed rate cut is needed. Australian consumers take a hit after the RBA hikes rates, as businesses report easing price pressures. And New Zealand's economic momentum builds. In our Deep-Dive interview, ANZ's Head of G3 Economics Brian Martin analyses why the US jobs market remains weak even as the economy grows. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Gold and silver rise and the US dollar falls again, with yen traders on high alert for intervention. Australian household spending falls in December, surprisingly. And stock investors welcome election results in Japan and Thailand. In our Deep-Dive interview, ANZ's Group Chief Economist Richard Yetsenga analyses Singapore's resilience despite a year of global trade dramas. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Japan's ruling party wins big in a snap election, clearing the way for tax cuts that may drive up bond yields and drag on the yen. ANZ Research sees Australian house price inflation slowing. And silver faces supply pressure. In our Deep-Dive interview, ANZ Head of FX Strategy Mahjabeen Zaman, looks at the US debasement trade and where traders see safe havens these days. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Commodities and bitcoin slide as US job losses rise to a 17-year high. The European Central Bank holds rates, as does the Bank of of England, but only just. Gold exports prop up Australian exports to the US, and a rate cut is on the cards in Thailand. In our Deep-Dive interview, ANZ Head of G3 Economics Brian Martin analyses how Fed Chair nominee Kevin Warsh could shape the future of US interest rates. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

US hiring is weak in January, raising questions of whether a Fed rate cut in March could be on the cards; New Zealand's unemployment rate rises, but there are positive signals; and the ECB and Bank of England are both expected to hold rates today amid cutting cycles. In our Deep-Dive interview, ANZ Economist Dhiraj Nim analyses the implications for India's economy from the deal to reduce US tariffs earlier this week. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

The Reserve Bank of Australia hikes the cash rate and its inflation forecasts, so the Australian dollar rises in response. New Zealand jobs data today is being watched closely by the RBNZ. Gold and silver prices surge again. In our Deep-Dive interview, ANZ Economist Maddy Dunk says Australia's housing market was starting to soften ahead of the RBA hiking rates, particularly in Sydney and Melbourne. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Oil falls 5% as tensions ease in the Middle East, and gold falls again, although by much less than in previous days. Silver bounces. The Reserve Bank of Australia (RBA) is expected to hike today. And Australian job ads grow the most in four years. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Donald Trump nominates Kevin Warsh to be Fed Chair, reassuring some who feared a less conventional chair would devalue the US dollar. The world's reserve currency bounced 0.7%, while gold slumped 11% and silver fell 31%. In our Deep-Dive interview, ANZ Senior Rates Strategist Jack Chambers looks into the remarkable stability of US bond markets, which haven't received the ‘Sell America' memo. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

The Fed holds with a mildly hawkish tone, but is still expected to cut again. Copper jumps 11% to a record-high. Singapore holds policy but a tightening is coming; Australia's inflation rise looks to be temporary, and Indonesia's stock market plunges. In our Deep-Dive interview, ANZ New Zealand Senior Strategist David Croy looks at what's behind the Kiwi dollar's strong start to 2026. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

The US dollar slides and then rebounds after conflicting comments from Donald Trump and his Treasury Secretary Scott Bessent. ANZ Research now sees the RBA hiking next Tuesday, and ANZ lowers its house price inflation forecast in New Zealand In our Deep-Dive interview, ANZ Group Chief Economist Richard Yetsenga explores the lessons of Brexit for the United States as it reorders its trade relations with the world. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/