New Zealand’s manufacturing sector returned to growth in July, with the BusinessNZ Performance of Manufacturing Index rising from 49.2 to 52.8, moving back above the historical average of 52.5. All five sub-indices registered expansion, led by New Orders at 54.2—its highest since March 2022—and Production at 53.6, the strongest since August 2022. Finished Stocks and […]
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Bitcoin’s move above $80,000 may be the moment this rally changes character. What started as another rebound alongside surging tech stocks is now beginning to look more like a genuine momentum breakout—one that could pull Read more…
Key takeaways Intervention-driven downside resumes: USD/JPY plunged 2.4% to a two-month low after Japan’s ~$34.5B intervention on Thursday, 30 April, with a sharp intraday drop on today, 6 May, hinting at a possible second round Read more…
Markets A violent sell-off hit UK Gilts as local markets reopened following Monday’s Spring Bank Holiday. In a catch-up move to weakness in core bonds on Monday, UK yields jumped 9 to 10 bps across Read more…