Jin10 data reported on June 2, the chief economist of the Financial Service company AMP, Shane Oliver, stated that Australia is expected to announce its first quarter GDP data on Wednesday, which may indicate that the economy has slowed down at the beginning of the year due to weak consumer demand and declining business investment. Oliver predicts that the rise in trade, government spending, and residential investment will contribute to a 0.4% quarter-on-quarter growth. This will push the annual growth rate up to 1.5%. Mediocre growth data should support the view that the Reserve Bank of Australia still has significant room for interest rate cuts.

AMP Chief Economist Oliver stated that Australia should avoid an economic recession triggered by tariffs, as there is still room for interest rate cuts. He believes that the current cash rate of 4.10% provides the Reserve Bank of Australia with room to adjust. Although he thinks the RBA does not need to urgently cut rates, there is a 35% chance of a 0.5 percentage point cut at the meeting in May. He pointed out that the weakness of the Australian dollar may pose a smaller upward risk to inflation.

According to SoSoValue data, the Bitcoin spot ETF had a weekly net outflow of $799 million last week (March 3 to March 7 EST) last week. Last week, only Grayscale Bitcoin Mini Trust BTC saw a net inflow of $35.77 million in a single week, bringing the total historical net inflow of BTC to $1.09 billion. The largest weekly net outflow of Bitcoin spot ETF last week was the Fidelity Bitcoin ETF FBTC, with a weekly net outflow of $201 million, and the current total historical net inflow of FBTC is $11.56 billion. This is followed by the Ark & 21Shares Bitcoin ETF

On December 23, the financial data of AMPFinancial Service, the chief economist of Australia Shane

The Cryptocurrency industry classification framework has been released, dividing the digital asset market into five zones: Currency, Smart Contract platforms, Financial, Consumer Culture, and Infrastructure Services. Despite the significant increase in BTC, different categories show a differentiated trend. Currency assets include BTC, XRP, and Zcash. Smart Contract platforms include Ethereum, Solana, and Polygon. Financial category includes Maker, Uniswap, and AAVE. Consumer Culture zone includes ApeCoin, Decentraland, and Sandbox. Infrastructure Services include Chainlink, FIL, and Lido DAO.

AMP Chief Economist Shane Oliver warned that due to the overvaluation of the US stock market and the extreme policies of Trump, a pullback of more than 15% may occur. The Trump team has been constantly changing, lacking rational voices, leading to increasingly extreme policies. Although tax cuts, shrinking government, and deregulation make sense, the current situation seems to be out of control.

AMP economists say that the Australian stock market is expected to have a return rate of only 7% in the next year and may face a pullback of more than 15%. However, with the expected interest rate cut by the Australian Reserve Bank, the economic rise prospects later this year will improve and investment returns will remain good.

Blot Meme coin, issued by MelodAI, surged to $0.000676, with a daily increase of up to 64.82%, ranking fourth on ave.ai's hot coin list. The issuance of Blot aims to recreate the art and community value of MEME coins. The creator, Mr. Yoshi, was once nominated for the Hong Kong Film Awards and participated in the production of well-known film and television works.

Odaily Star Daily News According to Shane Oliver, Chief Economist of Financial Service Company AMP, after the 4.9% pump in Australian house prices in 2024, the average house price is expected to pump about 3% in 2025. However, he said that the performance of this year will be divided into two, with the situation in the first few months being weak due to high interest rates and rising unemployment, and the situation improving in the second half of the year, as lower interest rates will eventually provide a boost. Oliver believes that the Reserve Bank of Australia will start cutting interest rates before May and is expected to cut three times this year, 25 basis points each time.

Odaily Planet Daily News AMP Chief Economist and Investment Strategy Director Shane Oliver

On July 3, Jinshi Data reported that Shane, Chief Economist of AMP Capital,