Friday: US PPI inflation hotter than forecast

US producer price inflation data was hotter than expected. US bond yields are up, as is the US dollar. US stocks are down. House prices in New Zealand are flat, although net migration to NZ set new record highs. Iron ore could fall under US$100/tonne.

In our bonus deep dive interview, ANZ Chief Economist for Greater China Raymond Yeung wraps up his analysis of China’s National People’s Congress and explains why the focus is shifting away from the annual growth target to longer-term structural reform.

Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/