5 in 5 with ANZ
5 in 5 with ANZ
ANZ
Thursday: US stocks slump, but Yen surges
9 minutes Posted Jul 24, 2024 at 7:55 pm.
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US stocks have fallen sharply on weak earnings from Tesla and tech stocks. The Bank of Canada cuts again. A surging Yen is pushing the US dollar down and the Aussie and Kiwi dollars are being caught in the downdraft as well.
In our bonus deep dive interview ANZ’s Chief Economist for Greater China Raymond Yeung explains what needs to happen to revive China’s domestic demand as consumers refuse to spend more, despite looser monetary policy.
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