UK PMI Construction fell to 52.2 in June, down from 54.7 in May, and below the expected 54.0. S&P Global highlighted the sharpest rise in employment in ten months, while inflationary pressures remained subdued. Andrew Harker, Economics Director at S&P Global Market Intelligence, noted that the slowdown, particularly in housing activity, was partly due to […]
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Key Highlights Bitcoin price struggled to clear the $64,000 resistance zone. BTC faced hurdles near a key bearish trend line at $64,200 on the 4-hour chart. Oil prices rallied toward $78.80 before the bears appeared. Read more…
As widely expected, RBNZ cut its Official Cash Rate by 50bps to 4.75%. In its accompanying statement, the central bank emphasized that this move was deemed “appropriate” to achieve and maintain low, stable inflation while Read more…
Today the RBNZ cut the OCR by 50bps to 4.75%, meeting Westpac and market expectations. According to the RBNZ the economy is now in a position of excess capacity, encouraging price- and wage-setting to adjust Read more…