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Mon, Aug 10, 2026 02:21 AM All times are UTC

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Daily outlook for NZ rates

May 19, 2015 20:40 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 up 1bp at 3.44% while the 10yr should open up 3bp at 4.02%.NZ swap yields 1-3 month: Short...

U.S. housing starts surged twenty percent in April

May 19, 2015 19:08 pm UTC| Commentary

U.S. housing starts surged twenty percent in April, the highest since Nov 2007, and the biggest percent increase since 1991. Housing is a significant driver of jobs with its multiplicative impact on consumer discretionary...

UK households well-placed to endure renewed fiscal squeeze

May 19, 2015 18:54 pm UTC| Commentary

UK households have rarely had it so good - no inflation, strong jobs growth, reviving earnings, a breather from austerity and falling borrowing costs. As a result, Capital Economics expects that real household spending...

Australia Westpac consumer confidence index to gauge households’ reaction to the Federal Budget

May 19, 2015 18:25 pm UTC| Commentary

The Australia Westpac consumer confidence index (01.30 BST) will be one of the first opportunities to gauge households reaction to the Federal Budget.The small business package in particular appears to have been well...

Fall in ZEW investor sentiment dents Germany's economic outlook

May 19, 2015 18:02 pm UTC| Commentary

Mays fall in German ZEW investor sentiment, from +53.3 to +41.9, suggested that growing fears over Greece together with the recent rise in bond yields and appreciation of the euro exchange rate have damaged the economic...

Price pressures remain extremely weak in the euro-zone

May 19, 2015 17:47 pm UTC| Commentary

Marchs euro-zone trade data suggest that the weakness of the euro has still had little impact on net exports.Although exports rose by 1.7% m/m, this was offset by a 3.9% m/m increase in imports. This brought the...

US natural gas prices set to rise further

May 19, 2015 17:27 pm UTC| Commentary

The price of US natural gas has risen sharply since the end of last month and is now back above $3 per mBtu for the first time since the start of March. This is mainly due to slightly colder weather in the US recently...

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Economy

Australian Shares Fall as Westpac Slides, Miners Gain Ahead of RBA Decision

Australian shares moved lower on Monday as a sharp decline in Westpac Banking Corporation weighed on the financial sector, while gains in mining stocks helped limit broader market losses ahead of the Reserve Bank of...

US Dollar Near Two-Month Low as Markets Await Inflation Data

The U.S. dollar traded near a two-month low against major currencies on Monday as investors turned their attention to upcoming U.S. inflation data for fresh signals on the Federal Reserves interest rate outlook. The euro...

Japan Executives Warn Weak Yen and Currency Volatility Threaten Economy

Japanese business leaders are raising concerns about the economic risks of a persistently weak yen and sharp currency fluctuations, even as exporters continue to benefit from favorable exchange rates. The warnings follow a...

Oil Prices Rise as Hormuz Reopening Remains Uncertain

Oil prices climbed on Monday as uncertainty over the reopening of the Strait of Hormuz kept supply concerns elevated, despite signs that Iran and Oman are nearing an agreement on new shipping lanes. Brent crude futures...

BOJ Signals Faster Rate Hikes as Inflation Risks Raise September Move Odds

Bank of Japan policymakers are increasingly concerned about inflation pressures, with several officials suggesting that interest rate hikes may need to come faster than financial markets currently expect, according to a...

Politics

Taiwan Tests Penghu Defense, Mobile Internet Limits in War Drills

Taiwans military conducted a simulated defense of the strategically important Penghu Islands on Monday as part of its annual Han Kuang military exercises, while authorities prepared to restrict mobile internet speeds in a...

Iran-Oman Hormuz Shipping Deal Nears Final Stage

Iran said Sunday that an agreement with Oman establishing new shipping lanes in the Strait of Hormuz is nearing completion, but Tehran stressed that the crucial waterway will remain closed until the United States meets...

Germany Warns of Daily Hybrid Warfare Threats

Germany is facing foreign hybrid warfare operations on a daily basis, Interior Minister Alexander Dobrindt has warned after authorities discovered an explosive-carrying drone at Leipzig/Halle Airport. Dobrindt said hostile...

ICE to Complete Nationwide Body Camera Rollout by End of August

U.S. Immigration and Customs Enforcement (ICE) will equip all officers and agents working in the field with body-worn cameras by the end of August, accelerating a nationwide rollout that was initially expected to take...

Iran-Oman Near Strait of Hormuz Deal as Shipping Tensions Persist

Iran and Oman are nearing an agreement on shipping through the Strait of Hormuz, but Tehran says a bilateral deal alone will not be enough to fully reopen the critical global energy route. Iranian Foreign Minister Abbas...

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 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...

OpenAI Restricts Astra AI Over Cyberattack Risks

OpenAI has reportedly restricted parts of the development of its next-generation AI model, code-named Astra, after early evaluations indicated the system could potentially carry out sophisticated cyberattacks with limited...

Nvidia to Invest Up to $3 Billion in Blackstone-Backed Lancium

Nvidia is reportedly preparing to invest as much as $3 billion in Lancium, a Blackstone-backed power infrastructure developer involved in the Stargate artificial intelligence infrastructure initiative, as demand for...

Meta Ordered to Pay $567M Over Child Safety Violations in New Mexico

Meta Platforms Inc. has been ordered to pay $567 million into a fund designed to address harm to young people, in a major legal ruling involving child safety on Facebook and Instagram. Judge Bryan Biedscheid of New Mexicos...

Nintendo Shares Jump as Switch 2 Sales Boost Earnings

Nintendo shares surged nearly 5% on Friday after the Japanese gaming giant reported stronger-than-expected first-quarter earnings and upgraded its full-year financial outlook, supported by robust demand for the new Switch...