Live Updates

16 May 2025
In April, New Zealand’s Business NZ PMI increased from 53.2 to 53.9

New Zealand’s PMI rises; currencies fluctuate amid economic shifts; gold, crypto, and UK growth draw market focus.

16 May 2025
April’s PMI for New Zealand’s manufacturing sector rose to 53.9, indicating ongoing growth and recovery

New Zealand’s manufacturing PMI rose to 53.9 in April, marking continued recovery and sustained expansion trends.

16 May 2025
A series of investment agreements in AI and energy with the UAE were announced by the White House

Trump administration touts $200B in UAE deals, but details remain vague; includes AI, aerospace, and aluminium projects.

16 May 2025
Australia’s Trade Minister expresses reluctance to join the US in a trade conflict with China

Australia prioritizes its economic ties with China over a US-led trade stance, says Minister Farrell.

16 May 2025
Following weak US data, geopolitical tensions, and declining yields, gold prices surged significantly upwards

Gold surged to $3,228 after weak US data, falling yields, and geopolitical tensions boosted safe-haven demand.

16 May 2025
The U.S. Deputy Treasury Secretary expressed confidence that inflation will moderate and the economy will grow

U.S. officials express confidence in stable inflation and economic acceleration, with debt concerns delayed until August.

16 May 2025
Amid cautious investor sentiment, the NZD/USD trades near 0.5900, influenced by weak NZ fundamentals

NZD/USD faces downside pressure amid weak US data, Powell’s support for USD, and cautious sentiment.

16 May 2025
Jamie Dimon warns that recession risks persist due to inflation, deficits, and potential interest rate hikes

Jamie Dimon warns of recession risks amid inflation, deficits, and uncertainty; JPMorgan sees probability below 50%.

16 May 2025
Following an impressive quarterly result, Walmart’s stock rebounded after an earlier five per cent drop

Walmart stock rebounds after beating estimates, driven by strong eCommerce and international advertising growth.

16 May 2025
The indices displayed mixed results, with a drop in NASDAQ following Meta’s AI model delay.

Meta delays Llama 4 release, shares fall; tech sector dips, but broader markets show weekly gains.

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