OCR

Bloomberg reports Waller emerging as top candidate to replace Powell. Higher US tariffs kick in; Trump threatens 100% tariff on semiconductors, but carve-outs mean little impact for most. BofE votes 5-4 to cut rates

Bloomberg reports Waller emerging as top candidate to replace Powell. Higher US tariffs kick in; Trump threatens 100% tariff on semiconductors, but carve-outs mean little impact for most. BofE votes 5-4 to cut rates

RBNZ survey has shown an easing in expectations of inflation - something that will cause the RBNZ comfort as it prepares for its next Official Cash Rate decision later in the month

RBNZ survey has shown an easing in expectations of inflation - something that will cause the RBNZ comfort as it prepares for its next Official Cash Rate decision later in the month

Risk sentiment firm. S&P500 higher and has retraced the post services ISM fall. US hits India with extra 25% tariff for Russia oil purchases. Soft demand in US 10-year auction. Yields modestly higher

Risk sentiment firm. S&P500 higher and has retraced the post services ISM fall. US hits India with extra 25% tariff for Russia oil purchases. Soft demand in US 10-year auction. Yields modestly higher

BNZ believes the Reserve Bank should keep cutting interest rates, while Finance Minister Nicola Willis says she's 'pumping cash' into the economy to create jobs

BNZ believes the Reserve Bank should keep cutting interest rates, while Finance Minister Nicola Willis says she's 'pumping cash' into the economy to create jobs

Young people are avoiding New Zealand’s weak labour market, suppressing headline unemployment and boosting education numbers

Young people are avoiding New Zealand’s weak labour market, suppressing headline unemployment and boosting education numbers

US ISM services survey had a stagflationary vibe with the index falling while the prices paid index rose to a 30-month high. US equities modestly weaker, US Treasury yields slightly higher

US ISM services survey had a stagflationary vibe with the index falling while the prices paid index rose to a 30-month high. US equities modestly weaker, US Treasury yields slightly higher

US equities bounce-back after Friday's lurch down as investors buy the dip. Oil prices down as market eyes greater OPEC+ supply

US equities bounce-back after Friday's lurch down as investors buy the dip. Oil prices down as market eyes greater OPEC+ supply

ANZ economists believe firms have 'hoarded' labour in anticipation of economic recovery and may now be forced to 'right size' through layoffs - amplifying the unemployment rate; OCR may be forced below 2.5%

ANZ economists believe firms have 'hoarded' labour in anticipation of economic recovery and may now be forced to 'right size' through layoffs - amplifying the unemployment rate; OCR may be forced below 2.5%

Investor risk sentiment takes a hit from significantly weaker than expected US labour market data. Global equities fell sharply and credit spreads widen. Probability of a Fed rate cut in September increases

Investor risk sentiment takes a hit from significantly weaker than expected US labour market data. Global equities fell sharply and credit spreads widen. Probability of a Fed rate cut in September increases

Labour market figures to be released in the coming week may show the unemployment rate rising to 5.3% from 5.1%, reflecting a mid-year 'stall' in the hoped-for economic recovery

Labour market figures to be released in the coming week may show the unemployment rate rising to 5.3% from 5.1%, reflecting a mid-year 'stall' in the hoped-for economic recovery

US equity markets retrace from record intra-day high. Yen declines after Bank of Japan meeting. US dollar on track for first monthly gain this year

US equity markets retrace from record intra-day high. Yen declines after Bank of Japan meeting. US dollar on track for first monthly gain this year

Fed keeps policy unchanged. US economy bounces back 3% in Q2 after 0.5% contraction in Q1; core PCE deflator higher than expected. Data pushes up USD and US rates

Fed keeps policy unchanged. US economy bounces back 3% in Q2 after 0.5% contraction in Q1; core PCE deflator higher than expected. Data pushes up USD and US rates

Decent rally in US Treasuries overnight, with various drivers at play. US-China end trade talks. China says both sides agree on maintaining the truce. Oil prices up nearly 4%. IMF upgrades global growth outlook

Decent rally in US Treasuries overnight, with various drivers at play. US-China end trade talks. China says both sides agree on maintaining the truce. Oil prices up nearly 4%. IMF upgrades global growth outlook

Early joy on US-EU trade deal quickly evaporates, with euro slumping 1.3%; European equities and rates down modestly. USD broadly stronger. Oil rises

Early joy on US-EU trade deal quickly evaporates, with euro slumping 1.3%; European equities and rates down modestly. USD broadly stronger. Oil rises

S&P500 advances to another record high close. US and EU announce trade agreement. Bond markets subdued. Global markets look ahead to first-tier economic releases and central bank meetings

S&P500 advances to another record high close. US and EU announce trade agreement. Bond markets subdued. Global markets look ahead to first-tier economic releases and central bank meetings