Eamonn Sheridan

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Central Banks
rbnz nzd trump tariffs demand shock 31 October 2025 2
Central Banks

RBNZ’s Gai: U.S. tariffs delivering negative demand shock to New Zealand

  • Gai’s remarks highlight how global trade tensions and U.S. tariffs are feeding through to smaller economies, potentially keeping the RBNZ on an easing path. Expectations of further cuts could pressure the New Zealand dollar and local bond yields.
News
xChief
News

China adds 200 billion yuan in new local bond quota to spur investment

  • The additional bond quota signals renewed fiscal support and could lift infrastructure activity into year-end. The move may stabilise local government funding conditions and bolster market confidence in China’s 2025 growth outlook.
Forex Orders
FXO FX OPTION EXPIRIES IL V2
Forex Orders

FX option expiries at the 10am New York cut for Friday, October 31, 2025

  • Larger expiries clustered in USD/JPY and USD/CAD; moderate interest in EUR/USD and AUD/USD.
News
Trump Xi South Korea
News

China official manufacturing PMI (October) 49.0 (expectd 49.6) services 50.1 (expected 50)

  • China PMI data shows manufacturing in contraction for the 7th month in a row, and that its hit a 6 month low.
Stock market update
bonds
Stock market update

UK gilts offer best value in Europe, Nomura strategist says

  • Nomura’s bullish stance highlights renewed investor appetite for gilts amid easing UK inflation and still-elevated yields. The view supports demand for sterling assets but underscores persistent structural risks from debt and post-Brexit growth headwinds.
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