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What’s happening in Australia and around the world?

28 May 2019

Inflation is nowhere to be seen in Australia, which is why we think the Reserve Bank of Australia is likely to cut rates at their next meeting on 4 June. ING's Asian chief economist Rob Carnell thinks we'll see two 25 basis point rate cuts in 2019, simply because, if the argument is strong enough for one, then it's probably strong enough for at least two as well

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Quick take

Australia

Reserve Bank of Australia's Lowe talks up rate cuts

At a speech to the Queensland branch of the Economic Society of Australia, Governor Lowe said the RBA would discuss rate cuts at their next meeting.

China

China industrial profits falling, hurt by the technology war

China industrial profits fell in April. Details show that industries that showed falling profits are those experiencing structural changes, including from…

India

India: Way forward under Prime Minister Modi

Prime Minister Modi’s General Election win puts to rest long-standing political uncertainty for markets. After a strong rally this week,…

Quick take

European Parliament Elections: Key takeaways

A huge democratic exercise over four days has come to a close. Here are our first key takeaways, based on the last official projections as of 11:15 pm CET

Asia week ahead: Bank of Korea - will it, or won’t it?

China's purchasing manager's index, India's GDP and Korea's central bank meeting- where we expect a 25 basis point rate cut - are the key…

Opinion By James Knightley

US: Trump & Trade - getting the deal

Trade tensions are high, but President Trump has shown he can be flexible. A deal remains probable, but there are risks of renewed flare-ups

Quick take

Is Facebook’s digital currency worth the hype?

Launching platform currencies is nothing new in itself. Yet the sheer scale that a Facebook coin could achieve should give businesses, competition…

Report

Elderly care and housing demand in the EU

Ageing is not just a story about declining economic potential. The other side of the coin shows rising demand for products and services that are tailored…

USDCNY USDCNH US Trump Trade RBA Profits New Money Monetary Policy Inflation GDP growth GDP Federal Reserve Eurozone European Union European politics

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This publication has been prepared by ING solely for information purposes irrespective of a particular user's means, financial situation or investment objectives. The information does not constitute investment recommendation, and nor is it investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument.
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