Zealand

Stocks rise ahead of US CPI data, New Zealand dollar plummets: Markets roundup

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Stocks rise ahead of US CPI data, New Zealand dollar plummets: Markets roundup

(Bloomberg) — European stocks look set to follow their Asian peers higher on bets that the next U.S. consumer price report will allow the Federal Reserve to begin easing policy in September. Most read on Bloomberg Euro Stoxx 50 futures rose 0.3%, while U.S. equity contracts traded little changed. MSCI’s benchmark index for Asian shares … Read more

New Zealand cuts rate for first time in more than four years, eyes further easing, Kiwi dollar plunges By Reuters

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© Reuters. FILE PHOTO: A view of an entrance to the Reserve Bank of New Zealand in Wellington, New Zealand, November 10, 2022. REUTERS/Lucy Craymer/File Photo

By Lucy Craymer WELLINGTON (Reuters) – New Zealand’s central bank cut its benchmark rate for the first time since March 2020 and announced further cuts in coming months, saying inflation was moving closer to its 1% to 3% target in a marked dovish tilt that prompted a sell-off in the dollar. The decision to cut … Read more