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A review of things you need to know before you sign off on Thursday; again no retail rate changes, retail sales weak. NZGB tenders successful, alcohol consumption eases, swaps up again, NZD eases, & more ....
US data strong; India and Taiwan also rising; China 'punishes' Taiwan; EU gains momentum; Aussie inflation expectations ease; freight rates from China leap; UST 10yr 4.48%; gold and oil slip again; NZ$1 = 61 USc; TWI-5 = 70.4 ....
The U.S. economic calendar will be relatively quiet in the coming week, allowing recent market movements to potentially consolidate. Meanwhile, the release of April inflation data in the UK could introduce increased volatility to UK assets. ....
The meeting began with tensions within the cartel arguably at their worst point in recent years. Yet Saudi Arabia, under the oversight of energy minister Abdulaziz bin Salman, emerged with a deal that appears to have at least patched up some intra-OPEC. | 12:16am ....