Reserve Bank of New Zealand Governor Breman said the economic outlook has evolved broadly in line with the Monetary Policy Committee’s expectations, with signs continuing to emerge that growth is recovering. Breman reiterated that the forward track for the Official Cash Rate (OCR), as published in the November Monetary Policy Statement, still implies a small probability of a further…
A mass shooting at Bondi Beach in the Australian city of Sydney has killed at least 16 people and wounded 40. The officials stated that the death toll includes two police officers and at least one child, Bloomberg reported on Sunday. Australian Prime Minister Anthony Albanese said in a press conference early Monday that the shooting was a “targeted…
UK home asking prices fell by more than is typical for the time of year in early December, according to property website Rightmove, highlighting a subdued housing market around last month’s government budget. Rightmove said average asking prices for newly listed homes dropped 1.8% month-on-month in the four weeks to December 6, a steeper fall than the 10-year average…
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Kuwait’s Oil Minister Tareq Al-Roumi said the recent fall in oil prices had come as a surprise, describing the move as a “sudden drop” after expectations that prices would at least hold steady. Speaking to reporters after chairing the 115th ministerial meeting of the Arab Energy Organization (AEO) on Sunday, Al-Roumi said Kuwait views a fair oil price under…
Without serious bid, S&P 500 flushed Friday after great AVGO earnings (that were summarily dumped) – when it could have done so the day before following less than stellar ORCL earnings after Wednesday‘s close.
Rate cuts by year-end Fed 2026: 54 bps (73% probability of no change at the upcoming meeting) BoE 2026: 61 bps (90% probability of rate cut at the upcoming meeting) Rate hikes by year-end BoC 2026: 25 bps (93% probability of no change at the upcoming meeting) ECB 2026: 10 bps (100% probability of no change at the upcoming…
Gold rose above $4,300 per ounce as the Fed delivered a widely expected 25bps rate cut, with Chairman Powell signaling that labor market weakness and tariffs may prompt further easing. Investors now watch for additional rate moves, especially under the Fed chair succeeding Powell in May, Commerzbank’s commodity analyst Carsten Fritsch notes. Fed cuts rates by 25bps, decision not…
KEY POINTS: India’s inflation rate Y/Y increased to 0.71% vs 0.70% expected in November The prior release saw inflation falling to a record low of 0.25% The RBI’s inflation target is 4% with a +/-2% tolerance band Inflation remains far below the central bank’s target INFLATION REPORT: India’s inflation rate increased to 0.71% in November after falling to 0.25%…
West Texas Intermediate (WTI) Crude Oil remains under pressure on Friday, with prices struggling to find traction as persistent oversupply concerns continue to dominate market sentiment. At the time of writing, WTI is trading around $57.10, hovering near recent lows and on track to post a weekly decline of more than 4%. The broader tone in the oil market…
