5 in 5 with ANZ

Tuesday: Oil spikes after Iran breaks off talks 01.06.2026 9min

Oil rises as much as 7% after Iran breaks off talks and the two sides fire at each other. The US summer driving season is set to drive up oil prices from July. China’s manufacturing and services sectors are expanding. And US factories are humming. In our deep-dive interview, ANZ Group Chief Economist Richard Yetsenga takes a wider and longer look at the Australian economy’s place in the world, including physically. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Monday: Data centre investment drives US GDP 31.05.2026 9min

US stocks hit new record highs and oil prices fall on hope for an Iran peace deal. US consumer spending is soft, but data centre investment is strong. And New Zealand’s business and consumer confidence bounce. In our deep-dive interview, ANZ Senior Rates Strategist Jack Chambers analyses the rise of Kangaroo bond issuance from offshore borrowers. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Friday: Australian data centre spending jumps 28.05.2026 9min

US inflation is cooler than expected. The New Zealand Government’s borrowing position is set to improve following yesterday’s budget. And in Australia, data centre investment jumps, while household spending starts to ease. In our deep-dive interview, ANZ Senior Economist Miles Workman dissects the New Zealand Government budget delivered yesterday, buoyed by a new set of Treasury forecasts. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Thursday: RBNZ to hike sooner than expected 27.05.2026 9min

The Reserve Bank of New Zealand says hikes are coming sooner rather than later, sending the NZ dollar up. And Australia’s headline inflation undershoots in April, sending the Aussie dollar down. In our deep-dive interview, ANZ Senior Rates Strategist Jennifer Kusuma says Asian local currency bond markets have been resilient through the Middle East conflict. But there are rising inflation risks. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Wednesday: RBNZ may signal hikes to come 26.05.2026 9min

Stocks and Brent oil are up this morning on see-sawing Middle East peace hopes. The Reserve Bank of New Zealand is set to hold today, but for how long? And the Reserve Bank of Australia will be closely watching inflation data. In our deep-dive interview, ANZ Senior Commodities Strategist Daniel Hynes has been tracking global oil inventories as the Strait of Hormuz remains shut, to get a sense of just how much is left. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Tuesday: Oil prices fall 6.5% on peace deal hopes 25.05.2026 9min

Oil prices fall 6.5% and bond yields drop on hopes a peace deal could re-open the Strait of Hormuz. The euro is weak as European factories slow down, and Singapore reports blockbuster GDP growth. In our deep-dive interview, ANZ Head of Australian Economics Adam Boyton assesses the potential impact of Federal Budget tax changes on Australia’s property market. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Monday: Trump says 'no rush' for Iran deal 24.05.2026 9min

There’s fresh uncertainty about the Iran conflict, with Donald Trump first saying a deal was ‘largely negotiated,’ but then that the blockade of the Strait of Hormuz remained and ‘there’s no rush for a deal’. And ANZ Research changes its Fed call. In our deep-dive interview, ANZ Economist Bansi Madhavani analyses UK jobs, price and growth data to get a sense of what the Bank of England may have to do next. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Friday: Stocks surge & oil falls on peace deal report 21.05.2026 9min

Stocks spike and oil prices fall in late trade on hopes for an Iran peace deal. Factory activity slumps in Britain & Europe, but is solid in the US, and Australia’s jobs market softens, which may allow the RBA to hold rates. In our deep-dive interview, ANZ Commodities Strategist Soni Kumari analyses some key shifts in the gold market. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Thursday: Oil falls on Middle East deal hopes 20.05.2026 8min

Oil falls and and stocks rise on Middle East peace hopes. Australia’s jobs data today will be closely watched by the RBA for weakness. And Bank Indonesia opts for a jumbo 50 basis point hike. In our deep-dive interview, ANZ Head of FX Research Mahjabeen Zaman says the Yen may not weaken much further from here, as long-dated Government bond yields rise and BoJ hikes come closer. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Wednesday: RBA in 'wait and see' mode 19.05.2026 9min

The Reserve Bank of Australia’s minutes indicate a wait-and-see approach following this month’s hike. Higher diesel prices squeeze New Zealand firm profit margins, and the Bank of Japan looks set to hike after stronger-than-expected Q1 growth. In our deep-dive interview, ANZ Head of Asia Research Khoon Goh explains how the global data centre boom is helping Asia’s economies outside of China and India sail through the headwinds from the ‘liberation Day tariffs and Iran Conflict turmoil. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Tuesday: China's economy slows in April 18.05.2026 9min

China’s economic growth slows more than expected in April, but exports of gear for data centres from the likes of Singapore are going gangbusters. And that helped accelerate Thailand’s GDP growth rate too. In our deep-dive interview, ANZ Group Chief Economist Richard Yetsenga sees the sustainability of Government borrowing at the heart of the sharp selloff in global bond markets in recent days. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Monday: Global bond markets sell off 17.05.2026 9min

Oil prices are up again and global stocks start the week on the back foot after a selloff on global bond markets on Friday night, as investors worry about the longer term effects of the Iran conflict and political uncertainty on growth and inflation. In our deep-dive interview, ANZ’s Chief Economist for Southeast Asia and India, Sanjay Mathur, analyses the worsening of balance of payments deficits in the Philippines, India and Indonesia. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Friday: Stocks hit record highs as Trump & Xi talk 14.05.2026 9min

Stocks rally to yet more record highs, despite another rise in oil prices, with hopes high that Presidents Trump and Xi can solve their trade and Iran conflict issues. US retail sales soften after the energy price shock. and NZ house prices fall. In our deep-dive interview, ANZ Economist Dhiraj Nim explains the strategic intent behind India signing a Free Trade Agreement with New Zealand. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Thursday: Trump in China as US prices rise 13.05.2026 9min

Donald Trump lands in China. Oil is down slightly and stocks are up. US producer price inflation is up as well. Australian home loans tumbled in March. And New Zealand inflation expectations rise. In our deep-dive interview, ANZ Senior Rates Strategist Jack Chambers reviews the Australian Government bond issuance programme announced following Tuesday night’s budget. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Wednesday: Australian deficits better than expected 12.05.2026 9min

Australia forecasts budget deficits for the next four years, but they’re better than expected as savings allow for higher spending. Oil prices rise 3% and stocks fall as concerns grow over the US-Iran ceasefire. And US inflation rises in April. In our deep-dive interview, ANZ Head of G3 Economics Brian Martin says the US labour market remains structurally weak, keeping wage growth and inflation pressures down. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/

Tuesday: Eyes on Australia Budget for household help 11.05.2026 9min

Oil prices rise 3% after Donald Trump rejects Iran’s latest offer to restart talks. Australia’s Budget tonight will be watched for more cost of living relief for households. And inflation in China is higher than expected. In our deep-dive interview, ANZ Commodity Strategist Soni Kumari examines just how exposed aluminium supply and prices are to the Middle East conflict, given 75% of production depends on imported alumina and bauxite. Before accessing this podcast, please read the disclaimer at ⁠https://www.anz.com/institutional/five-in-five-podcast/⁠

Monday: Fed on hold as US jobs market stabilises 10.05.2026 9min

The Strait of Hormuz remains closed, but Iran has responded to a US offer to resume talks. US jobs figures were solid, leaving the Fed on hold as new Chair Kevin Warsh arrives. And China’s exports surge in April. In our deep-dive interview, ANZ’s Chief Economist for Greater China, Raymond Yeung, looks in depth at a big improvement in profit margins in China so far this year. Before accessing this podcast, please read the disclaimer at ⁠https://www.anz.com/institutional/five-in-five-podcast/⁠

Friday: Aussie dollar hits multi-year highs 07.05.2026 9min

Oil prices fall on hopes for peace talks in the Middle East and stocks retreat from their record highs. Australia’s imports jump in March as data centre equipment and oil values rise. And the Aussie dollar is trading at its highest level since 2022. In our deep-dive interview, ANZ Head of FX Research Mahjabeen Zaman explains why the International Monetary Fund may be taking notice of Yen intervention. Before accessing this podcast, please read the disclaimer at ⁠https://www.anz.com/institutional/five-in-five-podcast/⁠

Thursday: Oil falls on hope conflict near end 06.05.2026 8min

Oil falls and stocks rise on hopes the Middle East conflict is nearing an end. New Zealand’s jobless rate falls, in a sweet-spot release for the RBNZ. And higher inflation could see the Bank of Korea hike rates. In our deep-dive interview, ANZ Senior Economist Matthew Galt says New Zealand’s property market started the year a bit stronger than expected, before the Middle East conflict hit. Before accessing this podcast, please read the disclaimer at ⁠https://www.anz.com/institutional/five-in-five-podcast/⁠

Wednesday: RBA hikes for 3rd time in a row 05.05.2026 8min

The Reserve Bank of Australia hikes with hawkish tones, but ANZ Research says that should be it this cycle. And flat New Zealand jobs data today may not mark the end of rising unemployment. In our deep-dive interview, ANZ Head of Australian Economics Adam Boyton analyses the RBA’s latest forecasts and commentary for clues on whether there’s going to be another hike. Before accessing this podcast, please read the disclaimer at ⁠https://www.anz.com/institutional/five-in-five-podcast/⁠