ANZ Macro Daily(Beta Mode)
AU Sentiment Lifts, Stocks Slide
Market Snapshot
| Asset | Level | Change |
|---|---|---|
| ASX 200 | 8,629.70 | -0.83% |
| NZX 50 | 13,111.24 | -0.75% |
| AUD/USD | 0.72 | -0.10% |
| NZD/USD | 0.60 | -0.17% |
| AUD/NZD | 1.22 | +0.06% |
| BHP | 59.78 | +2.49% |
| Gold | 4,730.40 | +0.25% |
| Brent Crude | 107.29 | +2.96% |
| Bitcoin | 80,574.25 | -1.41% |
| Australia 10Y Govt Yield | 4.90% | +2.98% |
| NZ Short-term Rate | 4.33% | -9.60% |
Prior Economic Events
| Data | Prior | Cons | Actual |
|---|---|---|---|
| NAB Business Confidence Index | -29 | - | -24 |
| 2026-27 Federal Budget | - | - | - |
Australia 10Y Bond Yield | Type: macro_line | Australia 10Y Yield: 4.9 (2026-03-01) | Range: 1.135–4.9 | Trend(6pt): 1.531,3.361,4.633,4.313,4.758,4.9
Today's Economic Events
| Data | Prior | Cons | Time |
|---|---|---|---|
| Westpac Consumer Confidence Change | -12.50 | - | 21:30 |
| Home Loans Quarter-over-Quarter | 10.60 | - | 21:30 |
| Investment Lending for Homes | 7.90 | - | 21:30 |
| Westpac Consumer Confidence Index | 80.10 | - | 21:30 |
| Business NZ PMI | 53.20 | - | 18:30 |
| RBA Meeting Minutes | - | - | 21:30 |
- Australian NAB Business Confidence improved to -24 from -29, hinting at modest recovery amid budget details.
- ASX 200 dropped 0.83% to 8,629.70 on profit warnings and global jitters; NZX 50 fell 0.75% to 13,111.24.
- AUD/USD slipped 0.10% to 0.72, NZD/USD down 0.17% to 0.60, with commodities showing mixed moves.
Yesterday's Recap
Australia's NAB Business Confidence Index rose to -24 in April from -29, reflecting a slight improvement in business sentiment despite persistent economic challenges, supported by steady commodity exports. The 2026-27 Federal Budget was released, featuring infrastructure investments and tax relief aimed at boosting growth, though deficit forecasts sparked inflation worries. New Zealand saw no key data releases, with markets following global and Australian trends.
Equities declined, as the ASX 200 closed down 0.83% at 8,629.70, dragged by mining sector weakness from geopolitical tensions and a CSL profit warning. The NZX 50 fell 0.75% to 13,111.24 amid low volumes and similar external pressures. Currencies weakened modestly, with AUD/USD at 0.72 (-0.10%), NZD/USD at 0.60 (-0.17%), and AUD/NZD up 0.06% to 1.22.
Commodities varied: BHP gained 2.49% to 59.78 on stronger iron ore, gold rose 0.25% to 4,730.40, Brent crude climbed 2.96% to 107.29, while Bitcoin dropped 1.41% to 80,574.25. Australia's 10Y government yield increased to 4.90% (+2.98% change), and New Zealand's short-term rate fell to 4.33% (-9.60% change).
The Day Ahead
Australia releases Westpac Consumer Confidence Change (prior -12.5%), Home Loans Quarter-over-Quarter (prior 10.6%), Investment Lending for Homes (prior 7.9%), and Westpac Consumer Confidence Index (prior 80.1%), all at 21:30 ET, offering views on consumer and housing trends post-budget. New Zealand's Business NZ PMI (prior 53.2) is due May 14 at 18:30 ET, assessing manufacturing health. Australia's RBA Meeting Minutes follow on May 18 at 21:30 ET, shedding light on recent policy views.
Tomorrow's calendar lists similar Australian consumer and housing indicators at 21:30 ET, underscoring focus on domestic demand. These releases could sway AUD and NZD, particularly if they reveal varying recovery paces in Australia and New Zealand.
Other Economic Notes
Australia's growth hinges on commodity exports such as iron ore and coal, with BHP's gains highlighting mining resilience despite volatility. New Zealand's economy relies on dairy exports, vulnerable to global demand shifts, though sentiment improvements may aid NZD stability. <i>↓ p.2</i>
