ANZ's daily briefing reports a 25bp rate hike by the Bank of Japan and a significant decline in oil prices below USD80/bbl. Equity markets stalled while US bond yields fell 5bp.
Key Takeaways
- 1.The Bank of Japan raised its policy rate by 25bp to 1.00% and will end bond purchase tapering in April 2027.
- 2.Oil prices dropped below USD80/bbl, the lowest level since the Middle East conflict escalation in early March.
- 3.Global Dairy Trade Price Index fell 2.8% at the latest auction, with powders leading the decline.
Table of Contents
- Highlights
- Data and events today
- Financial markets
- Global markets overview
- Key data and events
- Dairy
- Key themes and views
Document Preview
Access the Full Report
Get unlimited access to institutional research reports with a 14-day free trial.
Authors
Matt DillyHenry Russell
Securities
WTI Oil futuresS&P 500
Themes
Monetary policy tighteningCommodity price weakness
Regions
Asia PacificNorth AmericaNew ZealandUnited StatesJapan