Asian Stocks Slide as Central Bank Decisions and Key Data Keep Investors Cautious 
U.S. Dollar Steadies Near October Lows as Rate Cut Expectations Keep Markets on Edge 
Best Gold Stocks to Buy Now: AABB, GOLD, GDX 
Gold and Silver Surge as Safe Haven Demand Rises on U.S. Economic Uncertainty 
Japan Exports to U.S. Rebound in November as Tariff Impact Eases, Boosting BOJ Rate Hike Expectations 
Oil Prices Rebound as Trump Orders Blockade of Sanctioned Venezuelan Tankers 
Asian Currencies Trade Sideways as Dollar Weakens Ahead of Key U.S. Data 
Gold and Silver Prices Dip as Markets Await Key U.S. Economic Data 
China’s November Economic Data Signals Slowing Industrial Output and Weak Consumer Demand 
South Korea Warns Weak Won Could Push Inflation Higher in 2025 
Bank of Korea Downplays Liquidity’s Role in Weak Won and Housing Price Surge 
New Zealand’s risks to the domestic inflation profile are skewed to the downside, which could see the Reserve Bank of New Zealand’s (RBNZ) hiking cycle pushed even later. The central bank’s Overnight Cash Rate (OCR) is expected to follow the price direction, according to the latest report from ANZ Research.
This economic cycle has been characterised by strong rates of GDP growth yet stubbornly low inflation. But the economic landscape is expected to be shifting. The economy is going through a softer patch and we expect it will struggle to grow above trend from here.
"On the other hand, cost pressures are increasing and look set to push inflation higher, though likely in a gradual fashion. On balance, and all else equal, we expect inflation will increase and that the OCR will eventually rise: we are pencilling in a hike for November 2019," the report added.
Chinese demand for New Zealand exports continues to hold up, but growth is expected to slow. The ECB remains cautious, but has signalled the unwinding of QE. The Australian housing market is navigating some headwinds and this will likely dampen domestic demand. But other drivers are expected to keep the economy ticking along.
An inactive and cautious RBNZ, together with rising global yields should lead to domestic curve steepening, and a less favourable backdrop for borrowers overall, but it won’t be a smooth ride. The NZD is on the back foot, and further weakness is expected as the implications of a turn in the global liquidity cycle continue to play out. The NZD/AUD remains in a broad range-trading environment.
