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Korea's hotel market thrives with a 43% ADR increase in Q1 2024. Key drivers include robust demand, Hallyu, and medical tourism. Expect continued growth in luxury and upscale segments.
- Focus on 2nd reading of US Q4 GDP data. - RBNZ kept its policy steady and softened its previous threat to lift rates even further.
NZD/USD consolidates after intraday losses, halting its two-day winning streak.
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
- Stocks move higher and bond yields lower as interest rate expectations are further dialed in after Fed Waller yesterday spoke about seeing case for rate cut in several months if inflation takes on course, suggesting a move in H1 2024, alongside a significant drop in German states and Spain’s CPI readings, ahead of Germany’s national reading at 08:00 ET.