Thursday: US stocks slump, but Yen surges
5 in 5 with ANZ - A podcast by ANZ
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. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/
