Economy

Eyes on Asian oil refinery outlooks; Trump backs down over Powell claims; US mood at record low; China FDI low; Russian oil becomes attractive; UST 10yr at 4.31%; gold eases but oil firms; AU$1 = 71.5 USc

Trump drops case against Powell; Hormuz still shut, but ...; US sentiment dire; Canadian retail rises; China FDI stays very weak; Russia cuts policy rate; UST 10yr at 4.31%; gold up but oil eases; AU$1 = 71.5 USc

US data improves, but tech layoffs rise fast; Canada PPI zooms; India expands faster; Taiwan still starring; Australia PMI's improve; bulk freight rates zoom; UST 10yr at 4.33%; gold down but oil rises further; AU$1 = 71.3 USc

Persian Gulf standoff turns childish; US petrol stocks drop; eyes on Tesla results; EU consumer sentiment dives; BHP back selling to China but in yuan; UST 10yr at 4.31%; gold and oil prices rise; AU$1 = 70.6 USc

Hormuz situation looked set to unravel again until Trump TACO'd; Warsh testifies; US data 'strong'; Taiwan stars again; supermarket pricing in Aussie spotlight; UST 10yr at 4.29%; gold falls but oil prices rise; AU$1 = 71.6 USc

Trump's Gulf War goes bad again; Canadian data stable; China winning the oil-alternative race; ECB uncertain; BIS nervous about stablecoins; UST 10yr at 4.25%; gold eases but oil prices rise; AU$1 = 71.7 USc

Government rolls out an Economic Resilience Program aimed at supporting manufacturing and logistics businesses, with a focus on businesses operating in freight, fuel, fertiliser, and plastics critical supply chain sectors

Hormuz 'opening' was a US fantasy; Canada data resilient; Indian loan growth rises; China excavator sales jump; Malaysia inflation tame with good growth; UST 10yr at 4.24%; gold and oil prices ease; AU$1 = 71.7 USc

Iran opens Gulf of Hormuz; markets cheer, ignoring conditions; Canada data resilient; India loan growth surges; Singapore exports surge; risk appetite jumps; UST 10yr at 4.25%; gold rises as oil retreats; AU$1 = 71.7 USc

US data lackluster; China data better than expected; Australia data lackluster too, knocked by Geelong fire; bulk freight rates rise; big shifts in tourism focus; UST 10yr at 4.31%; gold holds as oil rises; AU$1 = 71.6 USc

US policy mess shows up in Beige Book; US homebuilders glum; Japanese machinery orders rise sharply; Albanese wins Brunei backing; UST 10yr at 4.28%; gold dips as oil rises; AU$1 = 71.7 USc

US data mixed with PPI up, sentiment down, but good jobs data; China export growth fades; Australian sentiment dives; IMF of another recession; UST 10yr at 4.25%; gold rises as oil retreats; AU$1 = 71.3 USc

Gulf oil freeze about to bite hard; US home sales fall; China new yuan lending soft; India inflation rising; key mineral prices jump; UST 10yr at 4.29%; gold eases again as oil rises again; AU$1 = 70.9 USc

US to block Hormuz; US inflation rises, sentiment tumbles; China inflation modest; Taiwan exports high again; Hungary ousts Orban; IMF glum about 2026; UST 10yr at 4.32%; gold eases as oil holds high; AU$1 = 70.6 USc

After a materially bigger and more persistent shock, March and April headline CPI is set to surge, driving core inflation higher for longer

US inflation surges, confidence tanks. Canada jobs market stable; China inflation low but rises; Taiwan exports star again; diesel armada heads for Australia; UST 10yr at 4.31%; gold eases as oil dips slightly; AU$1 = 70.8 USc; Bitcoin up

US data weaker; Canada politics shift; Japan sentiment falls; German exports rise; cybersecurity threat from AI; freight rates stable overall; UST 10yr at 4.29%; gold rises as oil higher; AU$1 = 70.9 USc

Middle East 'ceasefire' shaky. Iran gets gatekeeper advantage. Fed watches inflation risks rise. China truck sales hit 5yr high. EU retail activity rises.

More bellicose threats from the US as artificial deadline looms; dairy prices hold; US data weakens; China reserves hold; Aussie inflation jumps; UST 10yr at 4.34%; gold firm as oil holds high; AU$1 = 69.5 USc

US service sector slows but still expanding; prices rises come fast; Canadian services contract less; Singapore retail takes a tumble; high India services growth eases; UST 10yr at 4.34%; gold eases as oil jumps again; AU$1 = 69.1 USc

US data modest but with heavy inflation signals; Canada PMI's stall; other main global PMIs upbeat; Albanese warns of difficulties ahead; UST 10yr at 4.31%; gold up and oil eases; AU$1 =69.3 USc

US data mixed; Canada GDP expands; China PMI's expand; Japan & Korea industrial production weaker; passenger air travel rises; UST 10yr at 4.31%; gold up and oil eases; AU$1 = 57.4 USc

US struggles to smooth over Trump mistakes; enormous China current account surplus; China now dominates aluminium markets; air cargo activity surges; UST 10yr at 4.35%; gold and oil rise; AU$1 = 68.6 USc

Westpac has revised its RBA rates view, now sees two extra hikes, with a 4.85% peak, and later reversal