Economic news

Discover the largest economies in the world by GDP, their impact on global markets, and what they mean for traders.

Markets are increasingly confident that the Reserve Bank of Australia (RBA) will cut interest rates at its 20 May policy meeting, with cash rates futures pricing as of May 19th suggesting a 96% chance of a 25 basis point reduction.

Risk assets are pushing higher as investor optimism builds around the prospect of easing trade tensions between the US and key global partners.

Global markets rallied to start the week on signs of renewed diplomatic momentum between the United States and China, following constructive messages from both sides during high-level trade talks in Switzerland.

Australia’s labour market and wages data for the March quarter and April month are set to take centre stage this week, with implications for the Reserve Bank of Australia's (RBA) upcoming interest rate decision on May 20.

FOMC Preview May 2025

The US economy shrinks in the first quarter of 2025 as a result of Trump's aggressive trade strategy

Global markets experienced another tumultuous week as sentiment continued to swing between optimism and fear, driven largely by the Trump administration’s evolving trade policies.

US economic growth appears to have stalled sharply heading into the first quarter of 2025.

Australia’s quarterly inflation figures, due on Wednesday the 30th of April, 2024 are poised to reinforce the view that the Reserve Bank of Australia (RBA) is moving closer to meeting its inflation mandate – and, critically, may soon have the green light to begin cutting interest rates.