Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
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Chinese Robotaxi Stocks Rally as Tesla Boosts Autonomous Driving Optimism 
Canada Signals Delay in US Tariff Deal as Talks Shift to USMCA Review 
Asian Fund Managers Turn More Optimistic on Growth but Curb Equity Return Expectations: BofA Survey 
Singapore Growth Outlook Brightens for 2025 as Economists Flag AI and Geopolitical Risks 
New Zealand Business Confidence Hits 30-Year High as Economic Outlook Improves 
BoE Set to Cut Rates as UK Inflation Slows, but Further Easing Likely Limited 
New Zealand bonds ended Tuesday’s session on a higher note as investors hope to see a worse deterioration in the country’s trade balance data, scheduled to be released on May 23 by 22:45GMT amid an otherwise, silent trading week.
At the time of closing, the yield on the benchmark 10-year note, which moves inversely to its price, slid 1/2 basis point to 2.84 percent, the yield on the long-term 20-year note also fell 1/2 basis point to 3.38 percent and the yield on short-term 2-year closed 1 basis point lower at 1.86 percent.
Wall Street rose on optimism over the US-China trade truce, while the 10-year UST bond yield traded little changed as market players awaited the upcoming release of the 2 May FOMC minutes for a clarification of the “symmetric” phase in the last FOMC statement.
Meanwhile, the NZX 50 index closed 0.028 percent lower at 8,613.32, while at 06:00GMT, the FxWirePro's Hourly NZD Strength Index remained highly bullish at 109.36 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
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