There are no real winners in trade policies that could fracture supply chains across the region.
All articles
From the economy, to trade, technology, sustainability and more, ANZ Institutional brings you the latest market-leading news, insights and analysis you can read, watch and listen to. This page is updated regularly with new and compelling content.
-
2024-11-21 00:00
-
China’s stockpiling of commodities is likely help demand for Australian resources.
2024-11-13 00:00 -
Door to rate cuts in Australia may be further ajar than expected, economist suggests.
2024-11-20 00:00 -
Three experts talk through what the rise of real-time payment systems means for treasurers and liquidity management.
2024-11-19 00:00 -
Market and industry updates, emerging trends and global activity around sustainable and green loans, bonds and linked loans, and transition finance.
2024-10-29 05:30 -
China faces a new economic normal as policymakers look to maintain growth in the economy.
2024-10-23 00:00 -
Chinese growth has slowed, and many see similarities to Japan’s ‘lost decade’. But there’s another market showing similarities to that era – car making.
2024-11-07 00:00 -
Frequent changes of government mean significant policy adjustments, but also opportunities.
2024-11-06 00:00 -
Helping accelerate the development of new housing requires collaboration.
2024-10-09 00:00 -
ANZ has been with Bulla through both good and tough times.
2024-08-27 00:00 -
Two ANZ experts sit down for a Q&A on how the modern payment experience is developing on both sides of the Tasman.
2024-10-25 00:00 -
Two ANZ experts speak on video about the key themes from on the ground at Sibos.
2024-10-23 00:00 -
Industry collaboration is the key to maintaining user trust in the payments system, ANZ expert suggests.
2024-10-21 00:00 -
Bank again helps carmaker secure sustainable-finance funding to support capacity at US manufacturing plant.
2024-09-23 00:00 -
Three key elements have put the India’s economic destiny is in its own hands.
2024-10-03 00:00 -
Ahead of Sibos in Beijing, Raymond Yeung runs through the themes that will shape the global economy in 2025.
2024-10-14 00:00 -
Digital assets won’t make real-time payments faster – but can help in other ways, ANZ expert suggests.
2024-10-09 00:00 -
Technology like genAI is slowly helping change the way the payments sector works
2024-10-07 00:00 -
Singapore’s position as a hub for innovation in the Asia-Pacific region extends to a market-leading role in the fintech space.
2024-10-03 00:00 -
Economies in the Asia-Pacific region lead the world in the adoption of digital payments. What lessons can other countries take from that success?
2024-10-03 00:00 -
Singapore’s role as a financial hub in south-east Asia creates an enticing opportunity for global fund managers.
2024-10-01 00:00 -
Expectations of both the Fed and markets – as well as upcoming data – will ultimately shape the outlook for US rates.
2024-09-20 00:00 -
Fed’s decision to cut interest rates by 50 basis points supports outlook for a soft landing, ANZ’s Brain Martin says.
2024-09-19 00:00 -
Three experts explain how the digital transition is changing the way payments work in the economy.
2024-09-17 00:00 -
Take up of fast-payments capabilities in Australia has finally broken through to desirable levels, Reserve Bank’s Ellis Connolly tells ANZ call.
2024-09-11 00:00 -
The global payments sector is searching for a middle path between speed and security as it comes together for the latest Sibos conference.
2024-09-10 00:00 -
Australia does build real economic partnerships in Asia - or at least those that are real enough to the former.
2024-09-09 00:00 -
China is changing. But a changing China is still a $US18 trillion economy.
2024-09-09 00:00 -
The FB&A sector is taking advantage of a billion-dollar opportunity around healthy food and drink in the region.
2024-08-19 00:00 -
The pace of any easing from the RBNZ would still be data dependent, economist says.
2024-08-16 00:00 -
Two south-east Asian markets present the most opportunity for FDI, ANZ’s Institutional head says.
2024-09-04 00:00 -
China has put its foot down, but the EV opportunity still has some charge left in it yet.
2024-09-02 00:00 -
Government-driven tariffs are likely here to stay.
2024-08-28 00:00 -
What impact would US Presidential candidate's proposed policies have on the economies of Asia?
2024-08-06 00:00 -
Geopolitics, technology and sustainability will all play a role in the evolution of supply chains in the grains sector.
2024-08-27 00:00 -
Australia’s cotton market is well-positioned to emerge from a period of global economic challenges into a position of strength.
2024-08-22 00:00 -
Shifting supply chains have turned Vietnam into a magnet for foreign direct investment, particularly in manufacturing.
2024-08-12 00:00 -
Indian government managed to fiscally consolidate without compression.
2024-07-30 00:00 -
Trade flows between China and Australia will inevitably shift to reflect the resource requirements of the new Chinese economy.
2024-08-09 00:00 -
Second-quarter CPI data won't derail the RBA in the quest to return Australia’s inflation to target, ANZ Research’s Catherine Birch says.
2024-08-02 00:00 -
Policy under a potential second Trump term is likely to present as much opportunity as it does volatility.
2024-07-26 00:00 -
Households are feeling a bit better. Will this be sustained ahead of key inflation data and the August RBA meeting?
2024-07-26 00:00 -
ANZ Research has brought forward its forecast for interest rate cuts in New Zealand after softer-than-expected inflation data.
2024-07-18 00:00 -
The events in the US have broad implications that matter for economies, Richard Yetsenga says.
2024-07-16 00:00 -
Shifting dynamics in Asia, outside India and mainland China, are changing the composition of the region’s GDP growth.
2024-07-12 00:00 -
ANZ’s Dhiraj Nim shares four key themes emerging for India’s post-election economic slate.
2024-06-19 00:00 -
ANZ Institutional named number one in the Coalition Greenwich relationship strength index for the fifteenth time since 2005.
2024-06-17 00:00 -
Headline inflation could reach zero in Q3, but that’s unlikely to be cause for a rate cut.
2024-07-01 00:00 -
Globally, inflation is finally coming down - but progress has been slow and uneven.
2024-07-03 00:00 -
Sustainable finance can’t come from thin air, CFO says – it needs to be part of an organisation's sustainability journey.
2024-07-02 00:00 -
The shifting payments landscape presents a huge opportunity for businesses – and ANZ’s award-winning, world-leading expertise can help them take advantage.
2024-06-28 00:00 -
ANZ pulls back rate-cut expectations in the euro area to just two more for the rest of the calendar year.
2024-06-19 00:00 -
Further ECB decisions will be guided by inflation data, ANZ's Brian Martin says on podcast.
2024-06-11 00:00 -
The trade relationship between the two locations has significant potential, even if it seems like an unlikely partnership.
2024-05-29 00:00 -
As conditions continue to shift in its favour, we could very well be on the precipice of the Indian century.
2024-05-22 00:00 -
Deal to fund plant that will supply batteries for 300,000 electric vehicles per year.
2024-05-27 00:00 -
AI is mapping supply chains, tokenisation is making tracing simpler, and 3D printing might do away with some shipping altogether, expert suggests.
2024-05-27 00:00 -
ANZ Research will be watching the ANZ-Roy Morgan Consumer Confidence index as a guide for how households may respond to the cost-of-living relief and Stage 3 tax cuts.
2024-05-24 00:00 -
ANZ’s Adam Boyton expects savers could give the RBA room to start easing monetary policy later in 2024.
2024-05-16 00:00 -
Energy price relief, an instant asset write-off extension, and additional measures to address cost of living may provide a boost for Australia’s 2.5 million small to medium businesses.
2024-05-15 00:00 -
After a surplus in 2023-24, the Australian federal budget returns to deficit and remains there over the forecast horizon.
2024-05-15 00:00 -
Adam Boyton talks through the key measures from the 24-25 Australian Federal budget.
2024-05-14 00:00 -
The budget contains a number of measures targeting households – how will they respond?
2024-05-14 00:00 -
Our easy-to-read infographic spells out the key announcements from the 2024-25 Australian federal budget.
2024-05-15 00:00 -
ANZ Institutional has continued to assist its customers in the leap to the digital economy.
2024-05-07 00:00 -
ANZ Research expects May's federal budget to show a small budget surplus, before the balance falls into deficit in 2024-25.
2024-05-02 00:00 -
Pacific nation expected to record highest revenue on record from three key crops - only a few years from its most recent peak.
2024-05-01 00:00 -
Better-than-expected gross domestic product figures have prompted a reassessment of China’s fortunes.
2024-04-22 00:00 -
What’s different about this era of elections is the role of governments in their economies.
2024-04-17 00:00 -
The Reserve Bank of New Zealand will need more certainty before contemplating cuts.
2024-04-16 00:00 -
South-east Asia’s economic strength is holding up despite softness from China, ANZ’s Khoon Goh says.
2024-04-10 00:00 -
First-quarter activity out of India reflects sustained economic momentum.
2024-04-08 00:00 -
This economic cycle has been atypical in many ways and will remain so. Macro dynamics are likely to stay frustratingly multi-speed.
2024-04-02 00:00 -
Result of upcoming US poll unlikely to help strengthen ties regardless of result, expert suggests.
2024-03-27 00:00 -
Inflation, wages and tax cuts are all factoring against the argument for near-term rate cuts, expert says.
2024-03-25 00:00 -
Inflation is never going back to pre-pandemic norms, ex-RBA Governor says.
2024-03-21 00:00 -
Inflation expectations means it will be some time before the Bank of Japan rises again, Tom Kenny says on podcast.
2024-03-20 00:00 -
This lunar new year is likely to be a turning point for China’s structural reform.
2024-02-08 00:00 -
ANZ named Asia’s number-one relationship bank for the seventh-straight year.
2024-02-08 00:00 -
If the economy is to really enjoy the proven benefits of diversity, we all must change with the times – and fast.
2024-03-08 00:00 -
The journey toward gender parity has been slow. But the economic case for faster progress is only growing.
2024-03-07 00:00 -
Solid spending data adds to hopes China can shift its economic narrative, ANZ’s Head of Asia Research says.
2024-03-07 00:00 -
Corporate impact on the natural environment is likely to be a growing consideration for businesses throughout the year.
2024-03-05 00:00 -
Overshadowed in recent times, Japan is a $US5trn economy that will play a larger role in the Asian economic discourse moving forward.
2024-03-01 00:00 -
Long-term access to capital markets will be increasingly determined by the ability of businesses to be transparent about their operations.
2024-03-01 00:00 -
Ongoing low loan volume and lack of M&A means conditions are positive for borrowers, ANZ expert says on podcast.
2024-02-27 00:00 -
The opportunities for generative artificial intelligence in the financial services space are clear – but so are the challenges.
2024-02-14 00:00 -
Sticky inflation means ANZ Research is now forecasting rate hikes in both February and April, Sharon Zollner told the 5 in 5 with ANZ podcast.
2024-02-13 00:00 -
Payday super will reshape the way employers process superannuation payments. Could digital assets make it easier for everyone?
2023-11-10 00:00 -
Cybersecurity is right near the top of every organisation’s list of risks – and industry leaders are taking active steps to address it.
2023-11-27 00:00 -
Businesses need to consider several critical sustainability developments through 2024.
2024-01-30 00:00 -
Ongoing inflation concerns mean the Reserve Bank of Australia remains on track for easing later in 2024, Adam Boyton says on podcast.
2024-02-07 00:00 -
The shift toward real-time payments looks set to continue in 2024, bringing opportunities for businesses to deliver better experiences to their customers.
2024-02-02 00:00 -
It’s likely consumer behaviour will continue to be driven by uncertainty in 2024, meaning cost-effective options will be popular.
2024-02-02 00:00 -
China’s economic momentum looks set to slow in 2024 – but there’s no fear of a freefall. Author; Raymond Yeung
2024-01-24 00:00 -
Inflation may be within the RBNZ’s band by the September quarter – suggesting the central bank may have done enough, Sharon Zollner says on podcast.
2024-01-23 00:00 -
A combination of local and global factors has resulted in a rapid change to India’s growth potential.
2024-01-17 00:00 -
Generative AI is already changing the world – but how can we ensure that change is for the better?
2024-02-01 00:00 -
ANZ economists expect muted growth in Australia in 2024 – but momentum is set to pick up in the second half of the year.
2024-01-11 00:00 -
Expecting a challenging 2024 is not unreasonable. Exactly how challenging is the question.
2023-12-21 00:00 -
Use of AI, improved cybercrime awareness, and increasingly real-time nature of treasury to dominate the New Year.
2023-12-20 00:00 -
Event helped renew push to finance harder-to-reach parts of the global economy, expert says on video.
2023-12-19 00:00 -
Embracing the opportunities of the net-zero transition means shifting away from a pure risk mindset, expert suggests.
2023-12-18 00:00 -
Event underscores important role of private finance in supporting activities that benefit nature, communities and the planet, expert says on video.
2023-12-14 00:00 -
There are already signs of a recovery in exports in Asia - and prospects are looking better.
2023-12-13 00:00 -
ANZ again recognised for market-leading support across capital markets; named sustainability debt house of the year for fifth time.
2023-12-08 00:00 -
Talks at the Conference of Parties will be critical for the future of frameworks around carbon markets and sustainable finance.
2023-12-06 00:00 -
The path of inflation is the key to consumer - and boardroom - confidence in 2024.
2023-12-06 00:00 -
As digital assets move from theory to practice, hear from two experts on the potential for the tech to change how banking works.
2023-11-13 00:00 -
Businesses at the forefront of the market are already thinking digitally in all their work.
2023-11-28 00:00 -
ANZ has helped Hyundai secure sustainable funding to expand its EV manufacturing to the United States.
2023-11-30 00:00 -
ANZ Research expects the US Federal Reserve to cut interest rates in the second half of calendar 2024, kicking off a 200-basis-point reduction cycle.
2023-12-06 00:00 -
Amid slowing growth across the market, sustainable finance issuance in Asia Pacific and north Asia continues to outperform the rest of the world.
2023-12-01 00:00 -
Cyber-crime is a significant and growing problem for organisations. It is also under-reported and expensive. By 2025, it is estimated that cyber-crime will cost US$10.5 trillion.
2023-12-05 00:00 -
The FB&A sector has an opportunity to reassess not just its impact on biodiversity - but how it can harness the value in a shift toward nature.
2023-11-30 00:00 -
Food inflation pressure looms as a risk for all sections of the Australian agriculture supply chain.
2023-11-22 00:00 -
ANZ Institutional has continued to help its customers make the transition to the digital economy.
2023-11-13 00:00 -
Australian businesses want to embrace the international opportunity – but it can be harder than it should be.
2023-10-17 00:00 -
As the US and China’s tit-for-tat innovation policies shore up strategically critical industries, one expert is wondering which sector is next in their sights.
2023-11-02 00:00 -
China today is not like it was two decades ago – but its next opportunity is clear.
2023-10-31 00:00 -
China is not the overwhelming capital player in Asia it once was, creating opportunities for other economies – and businesses.
2023-10-18 00:00 -
Inflation data suggest FOMC won’t be cutting anytime soon, expert says on podcast.
2023-10-13 00:00 -
Growth in the second half of 2023 won’t match that seen in the first, but a modest pick-up is on the cards in the medium term.
2023-09-28 00:00 -
The Sibos financial services conference brings together banking’s biggest innovators. Here’s what they’ll discuss in 2023.
2023-08-03 00:00 -
ANZ Financial Institutions Insights newsletter explores how generative AI will become a tool financial institutions need to embrace to maintain a competitive advantage, with an expert panel assembled by ANZ.
2023-09-15 04:30 -
Good decision making is the path to success in a world grappling with risk.
2023-09-28 00:00 -
ANZ’s chief economist explains the key things he is taking away from his recent visit to India.
2023-10-03 00:00 -
Food inflation looms at another front in the RBI’s inflation battle – and it can’t be shrugged off as entirely transient.
2023-09-27 00:00 -
Population and trade growth have given Queensland extra economic support – but there's policy action required to keep the good times rolling.
2023-09-26 00:00 -
Two ANZ experts talk about payments, the harmonisation of legacy systems, and “parallel universes of innovation”.
2023-09-19 00:00 -
Asia’s smartest city is investing in tech right on the edge of innovation. Our infographic gives you an overview.
2023-09-19 00:00 -
CBDCs will change the way banking works, and we’ve only just begun to understand the opportunity, ANZ experts suggest.
2023-09-11 00:00 -
Sometimes you can learn more from innovating than the innovation itself.
2023-09-15 00:00 -
AI will help businesses bank better, help bankers bank them better, and help banks make it easier for everyone.
2023-09-14 00:00 -
The value of blockchain networks will only reach their full potential if they can talk to each other.
2023-09-13 00:00 -
A young professional explains what heading to Sibos 2023 means for her – and ANZ’s commitment to female talent.
2023-09-07 00:00 -
There are competing challenges in the global economy, but there’s good news as well, if you know where to look.
2023-09-08 00:00 -
Artificial intelligence will reshape banks like ANZ - if it is applied correctly and safely, ANZ experts suggest.
2023-09-07 00:00 -
Trust in the payment system is critical for all participants to maintain, two experts say on podcast.
2023-09-05 00:00 -
Businesses have a lot of questions about sustainable finance – and the nature of those questions is changing. Here’s why.
2023-09-04 00:00 -
Australia’s lower-than-expected CPI data helps take pressure of the RBA on interest rates, expert says on podcast.
2023-09-01 00:00 -
Australia is “on the precipice” of real-time, cross-border payments with the incoming NPP International Payments Service.
2023-08-31 00:00 -
Everyone wants to be on “the India train”. Two experts tell ANZ’s Richard Yetsenga why.
2023-08-29 00:00 -
Climate conditions in the region are putting pressure on sectors such as agriculture and food, expert says on podcast.
2023-08-18 00:00 -
The global hydrogen market is heating up, but Australia remains in the box seat to take advantage of the opportunity.
2023-08-21 00:00 -
China’s shifting growth signals a new landscape for business operating in the Asia Pacific.
2023-07-30 04:30 -
With the right kind of reforms, India can accelerate its already impressive growth – and keep it high for longer.
2023-07-27 04:30 -
In a special edition of 5 in 5 with ANZ, our experts explain what lies ahead for the global economy.
2023-07-25 04:30 -
China is slowing, but NZ can rely on Chinese demand for a long time to come.
2023-07-25 04:30 -
The transition to net-zero carbon won’t be linear, two experts say on podcast – so keeping momentum will be paramount.
2023-07-23 04:30 -
In part two of our energy-efficiency discussion, our experts discuss why energy efficiency is a valuable tool for meeting Australia’s future emissions targets.
2023-07-17 04:30 -
Local data, improving global inflation prospects and anecdotal evidence suggest an extended pause at 4.1 per cent is now likely for the RBA.
2023-07-16 04:30 -
More moderate growth in most economies across Asia (outside mainland China and India) is likely for three reasons.
2023-06-28 04:30 -
Demand is too strong for substantial interest rate cuts before mid-2024 at the earliest.
2023-06-22 04:30 -
For modern businesses, the winning attributes in a digital world are speed, data and control. Are APIs a silver bullet?
2022-05-30 00:00 -
There’s a growing approach to innovation in the TB space providing businesses with a safe, fast way to test-and-learn their way to success.
2023-06-12 04:30 -
Gain expert insights on the future of transaction banking and what these changes mean for the corporate treasury function.
2023-06-14 04:30 -
ANZ Institutional named number one in the Peter Lee Large Corporate & Institutional Relationship Banking Survey’s Relationship Strength Index.
2023-05-31 04:30 -
Making better use of the energy we have today is both a reliable way to lower emissions and improve energy affordability.
2023-05-24 04:30 -
Two experts discuss the findings of a new report on energy efficiency, and what it means for the economy and businesses –around risk, emissions and cost.
2023-05-22 04:30 -
There’s no wrong place to be on the digital-asset path– and there’s still time to take advantage of a fledgling market.
2023-05-22 04:30 -
Productivity boosting tech and digital support helping small-and-medium sized businesses in the budget are appealing to ANZ customers.
2023-05-10 04:30 -
From the return to surplus to cost-of-living relief, see ANZ’s budget coverage in an easy-to-read visual format.
2023-05-08 00:00 -
Budget returns to surplus - for one year only – in one of many significant upgrades.
2023-05-09 04:30 -
Significant boost to revenue that also lowers future expected deficits drives budget position back into black, but only for one year.
2023-05-09 04:30 -
The budget remains influential at a macro level, ANZ’s chief economist says – and that’s not changing any time soon.
2023-05-08 04:30 -
ANZ Institutional first-half result shows ongoing commitment to helping customers grow sustainably and embrace the transition to digital.
2023-05-04 04:30 -
ANZ Research expects the May federal budget to show an increase in expected revenue has helped shrink Australia’s deficit.
2023-05-03 04:30 -
Experts from ANZ and Grollo Carbon Ventures chat about how digital assets are changing the way business is done.
2023-04-30 04:30 -
The region’s external and internal fundamentals are well positioned to withstand any financial-system issues.
2023-04-23 04:30 -
Adam Tooze told the 2023 ANZ Debt Conference uncertainty is now baked into the economy – and markets.
2023-04-12 04:30 -
Shifting financial conditions in developed markets are unlikely to impact Asia ex-China.
2023-04-04 04:30 -
ANZ’s Raymond Yeung, Jessie Liu & Richard Yetsenga chat on podcast about China’s growth prospects.
2023-04-03 04:30 -
There is little chance troubles in banking escalate to a full crisis, but the job of central banks just got harder.
2023-03-30 05:30 -
The outlook for markets in 2023 is murky, attendees at ANZ’s Debt Conference 2023 heard.
2023-03-19 05:30 -
Businesses can invest for growth in a way that supports worthwhile causes. Hear two experts discuss how it works.
2023-03-05 00:00 -
Two experts explain on podcast why investment in initiatives like IIX’s Orange Bond are good for the community and for business.
2023-03-05 05:30 -
Opportunities are available for those that embrace the tokenised economy. ANZ is at the forefront - and stands ready to assist.
2023-03-01 05:30 -
ANZ named region’s number-one bank in terms of overall relationship quality for the sixth-consecutive year.
2023-02-28 05:30 -
How consumer demand develops will be critical for China - and flagging global growth.
2023-03-08 05:30 -
Once rates finish rising, we should expect them to stay there for a while, ANZ Chief Economist says.
2023-03-01 05:30 -
The year on bond markets looks positive, a panel of ANZ experts say on podcast.
2023-02-27 05:30 -
The sense of celebration across South Korea, Taipei and Hong Kong is palpable, but the focus is turning to two critical themes.
2023-02-26 05:30 -
Expert panel from the nature and climate sector chat about career resilience, mentors and finding the right balance for success.
2023-02-23 05:30 -
Businesses that can adjust and adapt will be able to preserve margins and ultimately profitability.
2023-02-23 05:30 -
Economic momentum across Australia’s states and territories remained above trend, the ANZ Stateometer showed, but the best may be behind us.
2023-02-22 05:30 -
Expert panel from the nature and climate sector chat about their careers, and the importance of listening and learning.
2023-02-19 05:30 -
Two ANZ experts chat through the outlook for bond and loan markets ahead of the 2023 ANZ Debt Conference.
2023-02-19 00:00 -
Birla Carbon CFO Surendra Goyal chats to ANZ experts about why sustainability could be the price for participating in markets in the future..
2023-01-14 05:30 -
Any potential slowdown in Asia outside China is likely to be a garden-variety one.
2023-02-07 05:30 -
Gain expert insights on the payment trends impacting corporate treasuries as they prepare to ride a digital wave.
2023-02-07 05:30 -
Conditions that have placed India ahead of its peers expected to continue in 2023.
2023-02-02 05:30 -
The New Year may be another challenging period for global FB&A, but businesses willing to embrace innovation and sustainable practices will put themselves in a strong position.
2023-01-31 05:30 -
Capital allocation will be a critical consideration for businesses in 2023.
2023-01-17 05:30 -
ANZ again recognised for market-leading customer support with more than a dozen awards from KangaNews.
2022-12-23 00:00 -
Financial institutions
Future of Asia in a fractured world: Conversation with professor Kishore Mahbubani
Insights on risks and opportunities from the current geopolitical landscape, and the long-term prospects for the CIA century.
2023-01-12 05:30 -
Companies are adjusting to volatility as the new normal in 2023.
2022-12-20 00:00 -
The New Year will be all about businesses realising the benefits of digital.
2022-12-21 00:00 -
Former NZ PM tells Richard Yetsenga on podcast that inflation will be hard to tame; solution must ‘unblock the choke points’.
2022-12-21 00:00 -
Sir John Key chats on podcast about sustainable growth and shifting geopolitical trends.
2022-12-21 00:00
ANZ Institutional Insights rewind
Our archive has articles from before March 2021.
Keep in touch with ANZ Insights
Sign up to receive market and economic commentary, giving you fresh ideas and
different perspectives on the industries and topics that matter to you.
This publication is published by Australia and New Zealand Banking Group Limited ABN 11 005 357 522 (“ANZBGL”) in Australia. This publication is intended as thought-leadership material. It is not published with the intention of providing any direct or indirect recommendations relating to any financial product, asset class or trading strategy. The information in this publication is not intended to influence any person to make a decision in relation to a financial product or class of financial products. It is general in nature and does not take account of the circumstances of any individual or class of individuals. Nothing in this publication constitutes a recommendation, solicitation or offer by ANZBGL or its branches or subsidiaries (collectively “ANZ”) to you to acquire a product or service, or an offer by ANZ to provide you with other products or services. All information contained in this publication is based on information available at the time of publication. While this publication has been prepared in good faith, no representation, warranty, assurance or undertaking is or will be made, and no responsibility or liability is or will be accepted by ANZ in relation to the accuracy or completeness of this publication or the use of information contained in this publication. ANZ does not provide any financial, investment, legal or taxation advice in connection with this publication.