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Tue, Aug 11, 2026 02:12 AM All times are UTC

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Daily outlook for NZ rates

May 13, 2015 20:47 pm UTC| Commentary

Westpac Research Notes:NZ swap yields 1 day: Given the movements in interest rates in key markets overnight, the NZ 2yr should open down 1bp at 3.41% while the 10yr should open up 1bp at 4.01%.NZ swap yields 1-3 month:...

US consumption weakness extends into Q2

May 13, 2015 20:20 pm UTC| Commentary

US retail sales for April were weak. Control retail sales (excluding gasoline, autos, building materials and food) were flat and sales excluding autos and gasoline were up only 0.2% m/m.Headline retail sales were also...

Strong performance of UK labour market continued into March

May 13, 2015 18:46 pm UTC| Commentary

UK employment rate is up to a new record high. Granted, a strong expansion in the workforce meant that unemployment fell by just 35,000 - the smallest fall since August 2013. But this was still sufficient to bring the ILO...

Iceland’s central bank to raise rates at June meeting, further hikes to follow

May 13, 2015 18:33 pm UTC| Commentary

Although Icelands central bank left its main interest rates on hold on Wednesday, it adopted a much more hawkish tone, signalling that it was likely to start hiking rates as early as next month.Strong domestic demand and...

Euro-zone economy grew more rapidly than the US and UK in Q1

May 13, 2015 18:19 pm UTC| Commentary

Q1s euro-zone GDP data confirmed that the currency union expanded by 0.4%, stronger than the performances of the US and UK economies but slightly below consensus.Although France grew by a solid 0.6% - its biggest quarterly...

Weakness on the horizon for sterling

May 13, 2015 18:03 pm UTC| Commentary

Even though BoE lowered UK growth forecasts for the next three years, sterling appreciated further against the dollar on Wednesday, so the exchange rate is now up nearly 8 cents over the past month (1.57 vs. 1.49). Two...

BoE Inflation Report confounded market fears of a more hawkish policy message

May 13, 2015 17:53 pm UTC| Commentary

The revisions to the macro forecasts were uncontroversial. Inflation is a little higher this year to reflect the higher oil price but then is lower in the middle part of the forecast.The growth forecast was lowered...

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Economy

Gold Price Hits Two-Month High as Investors Await US Inflation Data

Gold prices extended their rally on Tuesday, climbing to their highest level in more than two months as strong investor demand, safe-haven buying and bullish momentum outweighed pressure from higher U.S. Treasury yields, a...

Yen Stabilizes After Intervention Slide as Australian Dollar Hits Eight-Week High

The Japanese yen steadied against the U.S. dollar on Tuesday after suffering a sharp decline in the previous session, as the impact of the recent joint U.S.-Japan currency intervention continued to fade. Meanwhile, the...

Singapore Raises 2026 GDP Growth Forecast as AI Demand Fuels Economy

Singapores economy delivered stronger-than-expected growth in the second quarter of 2026, prompting the government to significantly raise its full-year GDP forecast as booming global demand for artificial...

England Drought Expands to 71% as Heatwave Deepens Water Crisis

Nearly three-quarters of England is now experiencing drought conditions as prolonged heat and exceptionally low rainfall put increasing pressure on water supplies, agriculture and wildlife, the British government said...

Gold Prices Rise as Fed Rate Hike Bets Ease

Gold prices extended their strong rally on Monday as weak U.S. employment data reduced expectations for further Federal Reserve interest rate hikes, while investors turned their attention to upcoming U.S. inflation...

Politics

Ukraine Accuses Russia of Systematic Torture of POWs and Civilian Detainees

Former Ukrainian detainees and government officials have accused Russia of widespread and systematic torture of Ukrainian prisoners of war and civilian detainees, alleging beatings, electric shocks, sexual violence and...

Houthi Attack on Yemen’s Mocha Port Kills 7, Injures 30

At least seven people were killed and 30 others wounded after Houthi forces launched a major attack on Yemens Red Sea port city of Mocha, according to the Yemeni military. The military said in a statement early Monday that...

Trump Media Says Truth API Draws 10+ Customers as Conflict Concerns Grow

Trump Media Technology Group said Monday that more than 10 customers have signed up for its upcoming Truth API, a real-time data service designed to provide rapid access to posts from prominent Truth Social accounts,...

Trump Secretly Switched Planes in Turkey After Iran Threat, Report Says

U.S. President Donald Trump secretly switched to a smaller military aircraft while leaving Turkey last month due to a potential Iranian security threat, according to a Washington Post report published Monday. Trump had...

FCC Steps Up China Tech Crackdown as Beijing Pushes Back

The U.S. Federal Communications Commission (FCC) has emerged as a key force in the Trump administrations technology and national security strategy toward China, expanding its role far beyond traditional oversight of...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

Technology

Nvidia Secures $500 Billion AI Infrastructure Push With Wall Street Giants

Nvidia is expanding its influence beyond semiconductors after announcing agreements aimed at mobilizing up to $500 billion in third-party capital for artificial intelligence infrastructure. The move brings the AI chip...

SEC Clears Path for Data Center Securitizations as AI Financing Demand Surges

The U.S. Securities and Exchange Commission (SEC) has provided regulatory clarification that could make it easier for data center owners and operators to access capital markets as the artificial intelligence boom drives...

Apple Tests China’s CXMT Memory Chips for iPhones and MacBooks Amid AI Supply Crunch

Apple Inc. (NASDAQ: AAPL) is reportedly testing memory chips from Chinese semiconductor manufacturer CXMT Corp as the rapid expansion of artificial intelligence infrastructure puts increasing pressure on global memory...

Sony, TSMC Eye $6.3 Billion Japan Chip Venture for Next-Gen Image Sensors

Sony Group and Taiwan Semiconductor Manufacturing Co. (TSMC) are reportedly preparing to invest about 1 trillion yen ($6.32 billion) in a new Japanese semiconductor venture focused on next-generation chips for image...

Nvidia Seen Beating Q2 Targets as Vera Rubin Cycle Begins

Nvidia (NVDA) could enter a multi-quarter growth cycle as shipments of its next-generation Vera Rubin AI chips begin, with BofA Global Research forecasting stronger-than-expected quarterly results and maintaining a bullish...