Wednesday: Australian confidence up

NOV 12, 20249 MIN
5 in 5 with ANZ

Wednesday: Australian confidence up

NOV 12, 20249 MIN

Description

US stocks take a breather, while Treasury yields and Bitcoin continue to surge following the US election. Australian consumers and businesses are the most confident since early 2023, and New Zealand’s economic slump looks to have bottomed out.

ANZ Senior Senior China Strategist Zhaopeng Xing says China’s authorities look to have held off announcing a larger stimulus package last week to keep their powder dry for whatever a Donald Trump-led United States throws at their economy.


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