Reserve Bank of New Zealand Governor Orr in testimony in front of a parliamentary committee now
- Pleased credit growth has slowed
- Hasn't slowed for long enough
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RBNZ Gov. Orr: Pleased credit growth has slowed, but hasn't slowed for long enough
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- FT: Trump is pushing for 15 – 20% minimum tariff on all EU goods. EURUSD moves lower.
- Oil seen capped near $100 as Iran war demand destruction offsets supply loss
- Alberta to hold October referendum on whether to begin separation process from Canada
- Reserve Bank of India (RBI) set to hand 3.05 trillion to government in record transfer
- PBOC sets USD/ CNY reference rate for today at 6.8373 (vs. estimate at 6.7992)
- US markets face shortened Friday and full Monday closure for Memorial Day
- PBOC is expected to set the USD/CNY reference rate at 6.7992 – Reuters estimate
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A Bloomberg Intelligence survey (gated) of 126 energy market participants finds most expect Brent to average $81-$100 over the next year, with demand destruction seen as the primary offset to Iran war supply losses.
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Alberta Premier Danielle Smith has confirmed a non-binding October referendum asking residents whether the province should begin the legal process toward a possible independence vote.
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The RBI is expected to transfer a record 3.05 trillion rupees to the Indian government, but economists polled by Reuters say the windfall will not prevent New Delhi from missing its fiscal deficit target.
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PBOC sets USD/ CNY reference rate for today at 6.8373 (vs. estimate at 6.7992)
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US markets face shortened Friday and full Monday closure for Memorial Day
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US stock and bond markets close Monday for Memorial Day, with bond markets also shutting early Friday at 2:00 p.m. ET. Futures operate on modified CME and Cboe schedules through the holiday.
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