New Zealand Business NZ PSI: 50.9 (January) vs previous 51.5
New Zealand Business NZ PSI: 50.9 (January) vs previous 51.5 Source link
New Zealand Business NZ PSI: 50.9 (January) vs previous 51.5 Source link
Washington escalates sanctions enforcement with another long-range tanker interception. Posting this with Globex oil trade about to open for the new week. Summary: US boards second tanker, intercepting the Panama-flagged Veronica III in the Indian Ocean. Operation followed long-distance tracking from the Caribbean amid sanctions enforcement. Vessel carried 1.9 million barrels and is sanctioned by
The key market influence today is the closure of Chinese mainland markets and half days on ly in Hong Kong and Singapore (more detail below the screenshot). The calendar lists China house price data due today. These were published last week: Japanese economic growth data will be eyed. Fourth-quarter GDP is expected to have expanded
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Sun: Japanese Prelim. GDP (Q4) Mon: US Holiday (Washington’s Birthday/Presidents Day); Eurogroup Meeting; Swedish Unemployment (Jan), EZ Industrial Production (Dec) Tue: RBA Minutes (Feb); UK Unemployment/Wages (Dec), German ZEW (Feb), US ADP Weekly, Canadian CPI (Jan), NY Fed (Feb), Chinese Lunar New Year (Hong Kong markets closed from 17th-19th Feb) Wed: RBNZ Announcement, FOMC Minutes
There was no single, dominant theme in currency markets last week. Instead, price action reflected a mix of cross-asset divergences. Dollar ended as the worst performer, despite the fact that Fed expectations barely shifted following high-profile releases of non-farm payrolls and CPI. Meanwhile, US Equities experienced volatility, particularly around renewed AI disruption fears, yet there
Bitcoin Futures are hovering near $68,800 in mid-February 2026, attempting to stabilize after a sharp retracement from last year’s surge above $110,000. At the same time, Ethereum Futures are trading close to $2,050, nearly 50% below their prior highs above $4,000. While crypto appears to be “holding,” the broader backdrop tells a more complex story.
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MUFG’s Michael Wan views the detailed US–India interim trade deal, including tariff cuts and exemptions, as positive for India’s external position. He sees scope for USD/INR to briefly break below 90 in coming months, but expects only a shallow INR recovery. MUFG forecasts USD/INR at 89.50 in Q1 2026 before rising back to 93.00 by
Standard Chartered’s Senior Economist Tommy Wu raises Hong Kong’s 2026 GDP growth forecast to 3.2% from 2.5%, citing robust Q4 momentum, stronger financial activity and improving consumer sentiment. The bank expects a modest housing market rebound but remains cautiously optimistic due to structural shifts and global risks. HIBOR is seen lower in H1 before gradually
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
High investments and Capital Expenditures that were seen as only positive are now being targeted by profit-takers and short-sellers, as investors question how long it will take to materialize into profits. This comes amid times when OpenAI, the founder of ChatGPT, is under heavy scrutiny for its fast-paced cash burning, and it gets even more
Mid-February data releases will further shape market perceptions of the global economy amid ongoing uncertainty over trade, monetary policy, and fiscal plans by major economies. The Federal Reserve will publish minutes from its most recent meeting, at which it paused its rate-cutting cycle. In the United States, fourth-quarter GDP figures will be released alongside new
It’s not a proper investing theme until there is an acronym. I’ve been writing for a few weeks about old economy stocks making a comeback but it’s been tough to frame exactly the kinds of companies that are best built for what’s coming. The market is frightened by disruption and that’s why software stocks have
The Labor Department released a highly anticipated report on Friday showing consumer prices in the U.S. increased by slightly less than expected in the month of January. The report said the consumer price index rose by 0.2 percent in January after climbing by 0.3 percent in December. Economists had expected prices to rise by another
Commerzbank’s Thu Lan Nguyen highlights that German gas storage is only about 25% full, far below past norms, but an outright shortage this winter is still seen as unlikely thanks to flexible LNG imports. However, persistently low storage incentives mean inventories may not reach 90% before next heating season, increasing the risk of winter shortages