Risk sentiment higher as investors see light at the end of the tunnel, even if uncertainty remains. NZ rates higher with further follow-through post the RBNZ hawkish-tinged update

Fewer New Zealand citizens are leaving long-term and more are returning after an extended absence

RBNZ forecasts annual inflation will spike to 4.2% in the June quarter and warns medium-term inflationary pressure will depend on the extent to which higher costs influence price and wage-setting behaviour by firms and workers in the economy

ANZ picks Reserve Bank to raise the OCR 3 times this year starting in July, but notes there's a high level of uncertainty

US to block Hormuz; US inflation rises, sentiment tumbles; China inflation modest; Taiwan exports high again; Hungary ousts Orban; IMF glum about 2026; UST 10yr at 4.32%; gold eases as oil holds high; NZ$1 = 58.4 USc; TWI-5 = 61.9

Natalia Albert argues Christopher Luxon won't survive as PM until the election, but it won’t matter because National will still win

Huge drop in the number of properties being auctioned with just a third selling under the hammer