5 in 5 with ANZ

Friday: AI boom forces Korea to start hiking 16.07.2026 9min

The AI and chip boom forces Korea to hike rates for the first time in more than three years, with more to come. US retail sales are resilient in June, and ANZ Research shifts its rate hike call for the Reserve Bank of India back to December from August. In our deep-dive interview, ANZ Economist Dhiraj unravels India’s conundrum of a record-low core inflation at a time of strong growth. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Thursday: China's GDP growth disappoints 15.07.2026 9min

China’s GDP growth disappoints, but its exports and imports beat forecasts. US producer prices fall, as do New Zealand house prices, with house sales volumes down in New Zealand for the fourth month in a row. In our deep-dive interview, ANZ Pacific Economist Kishti Sen looks at how a strong El Nino and a delay to a major gas project has changed Papua New Guinea’s economic outlook. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Wednesday: Fed hike views fade after flat CPI 14.07.2026 9min

Oil prices rise again, but so do US stocks, after US CPI data was below forecasts, removing most expectations for a Fed hike in July. Australian consumers worry more about price rises, and New Zealand firms see more inflation too. In our deep-dive interview, ANZ Head of FX Research Mahjabeen Zaman explains the importance of a potential change in Japanese pension policy. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Tuesday: Oil up 9% after Trump blocks Strait 13.07.2026 9min

Oil jumps 9% to US$83 a barrel after Donald Trump announced a US blockade of the Strait of Hormuz and a US toll of 20% of the value of cargo. India’s inflation is above forecasts. And China’s growth is slowing. In our deep-dive interview, ANZ Head of Australian Economics Adam Boyton asks an uncomfortable question about a slowing of Australia’s trend or potential growth rate. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Monday: Iran says Strait closed after US strikes 12.07.2026 9min

Oil prices are set to rise after Iran declared the Strait of Hormuz closed as the US hit 300 targets across Iran over the weekend. Donald Trump says the Strait is open. Markets will also focus this week on US CPI data for Fed rate hike signals. In our deep-dive interview, ANZ Commodity Strategist Soni Kumari explains how and why lithium producers are ramping up again. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Friday: Chinese inflation peaks in June 09.07.2026 9min

Oil prices slip overnight on renewed hope the Iran conflict may not escalate. China’s inflation peaks in June, but not enough for an easing, and New Zealand’s manufacturing sector comes roaring back at the end of the June quarter. In our deep-dive interview, ANZ Economist Henry Russell explains why a record fall of 2.1 million in the US labour force in the first six months of 2026 matters for the Fed. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Thursday: Oil & rates up as Trump ends ceasefire 08.07.2026 8min

Oil prices rise as much as 9% after the US and Iran trade strikes, and after Donald Trump says negotiations to re-opening of the Strait of Hormuz are over. US and European rate hike expectations grow, and the Reserve Bank of New Zealand (RBNZ) hikes for the first time since 2023. In our deep-dive interview, ANZ Senior Commodities Strategist Daniel Hynes explains why the scarcity of LNG tankers means global gas markets will take much longer to normalise than oil markets when, or if, the Strait of Hormuz re-opens. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Wednesday: Oil up 3% after LNG tanker hit 07.07.2026 9min

Oil prices rise 3% after two ships are hit in the Persian Gulf, including an LNG tanker at risk of exploding. Japanese real wages keep rising, Taiwan’s inflation is above forecasts, and Australian consumer confidence falls. In our deep-dive interview, ANZ Economist Sophia Angala unravels the growth stories of Australia’s states in the first quarter, including how housing market weakness is a factor in Sydney and Melbourne for New South Wales and Victoria respectively. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Tuesday: RBNZ set to hike for first time since 2023 06.07.2026 9min

The Reserve Bank of New Zealand is expected to hike tomorrow for the first time in more than three years, but expectations are split. Australian job ads are stable, and Thailand’s headline inflation rate is below forecasts. In our deep-dive interview, ANZ Economist Krystal Tan unpacks how a very strong El Nino could ripple across Southeast Asia’s economies into inflation and lower incomes. And one size does not fit all. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Monday: Market expectations of Fed hike soften 05.07.2026 8min

Market expectations for a Fed rate hike this year soften after last week’s lower-than-expected US jobs growth. New Zealand consumer confidence rebounds, and a strong El Nino is set to affect Southeast Asia economies later this year. In our deep-dive interview, ANZ Economist Maddy Dunk unpacks what’s driving Australia’s housing market - downwards for now. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Friday: US jobs growth weaker than expected 02.07.2026 8min

US jobs growth is weaker than expected June, reducing market expectations the Fed will hike in September. South Korean inflation edges higher last month, and Australian building approvals are falling as builders face higher costs and higher interest rates. In our deep-dive interview, ANZ Head of Asia Research Khoon Goh points to a switch in headwinds for Asia’s currencies from oil to the US dollar, now that markets see the Fed hiking this year. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Thursday: Warsh says US inflation pressure eases 01.07.2026 9min

New Fed Chair Kevin Warsh says inflation pressures have eased, which drives short term market rates down. The yen’s fall to 40-year lows adds to the Bank of Japan’s inflation challenge, and China’s economy was humming in June. In our deep-dive interview, ANZ New Zealand Chief Economist Sharon Zollner previews next Wednesday’s rates decision by the RBNZ, where most expect a rate hike, but not all. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Wednesday: NZ business confidence surges 30.06.2026 8min

The yen falls to a new 40-year low amid intervention fears. New Zealand business confidence surges right through June. The RBA issues hawkish minutes, and there are signs housing lending is slowing in Australia. In our deep-dive interview, ANZ FX Analyst Kausani Basak explains why the Philippines’ central bank, the Bangko Sentral ng Pilipinas or BSP, will have to hike again. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Tuesday: Traders wary of yen intervention 29.06.2026 9min

Oil prices are up, but stabilise after the US and Iran call off their strikes. The US dollar is near record highs vs the Yen, with the market on eggshells in case of intervention, and the NZ dollar is near six-month lows, but may be about to get some support. In our deep-dive interview, ANZ Senior Economist Matt Galt explains why New Zealand’s housing market has been more resilient in recent months than expected, although there’s still uncertainty ahead. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Monday: Oil in focus as Iran conflict flares again 28.06.2026 8min

Oil is in focus in early Asian trade after Iran and the United States traded strikes over the weekend, endangering a truce to reopen the Strait of Hormuz. And the Reserve Bank of Australia (RBA) is on hold after a week of reassuring data. In our deep-dive interview, ANZ Senior Asia Rates Strategist Jennifer Kusuma explains why ANZ Research has upgraded its GDP growth forecast for Asia in 2026 to 5% from 4.8%. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Friday: Australian jobs & spending firm 25.06.2026 9min

Oil prices bounce from lows last seen in late February. US inflation data is soft enough to leave the Fed on hold. Australian jobs and spending data is weaker than headlines looked, also leaving the Reserve Bank of Australia (RBA) on hold. In our deep-dive interview, ANZ Group Chief Economist Richard Yetsenga steps back to assess the global economic outlook, now oil prices are back near pre-conflict levels. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Thursday: Oil falls 4% to US$70/barrel 24.06.2026 9min

Oil prices fall another 4% as more tankers get out of the Persian Gulf. Australian inflation data sends mixed signals in May, which is keeping the RBA on alert for inflation. And Australia’s unemployment rate is forecast to fall, albeit slightly. In our deep-dive interview, ANZ’s Head of Geopolitical Risk Cameron Mitchell analyses the stuttering end to the Iran conflict. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Wednesday: S&P 500 slides to one-month low 23.06.2026 9min

Tech stocks are down on AI over-valuation fears, while oil fell as more ships exit the Strait of Hormuz. Australian CPI figures today will be watched for second round inflation from March’s energy price pulse. Singaporean inflation is less than forecasts. In our deep-dive interview, ANZ Senior Commodity Strategist Daniel Hynes analyses just how long it will take for oil supplies from the Persian Gulf to return to something like normal. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Tuesday: Markets eye new UK PM for budget clues 22.06.2026 9min

UK Prime Minister Keir Starmer announces his plan to resign. The market reaction is benign, on hopes his expected replacement, new Labour MP Andy Burnham, will run a tight budget. And the US dollar is on a roll against the yen. In our deep-dive interview, ANZ’s Head of Asia Research Khoon Goh, sees the Monetary Authority of Singapore (MAS) responding again to inflation pressures by tightening policy next month. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Monday: Iran shuts Strait of Hormuz again 21.06.2026 9min

Oil is in focus this morning after Iran closed the Strait of Hormuz over the weekend. ANZ Research shifts its forecast for Fed rate cuts out to June 2027 from December. And Malaysian inflation is subdued. In our deep-dive interview, ANZ Group Chief Economist Richard Yetsenga takes a wider look at a deal to end the Iran conflict, including why bond markets haven’t moved much, despite the deal. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/