Wednesday: Oil slides after weak European data

Oil prices fell a further 2% overnight to well under US$90/bbl after European PMI surveys showed a deeper contraction in activity and the IEA forecast oil demand falling by 2030 for the first time. In our bonus deep-dive interview, ANZ’s Head of G3 Economics Brian Martin explains why the ECB is likely to hold on Thursday night for the first time in 11 meetings. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/