Bloomberg with a heads up on a leak on the PMI data from China
Just the 'composite', in at 53.6 in July vs. 54.4 in June
nothing further right now (the scheduled time for release is 0100GMT)
Just the 'composite', in at 53.6 in July vs. 54.4 in June
nothing further right now (the scheduled time for release is 0100GMT)
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India's Nifty 50 is drawing investors seeking shelter from AI-driven market swings, with volatility near a one-year low as a stabilizing rupee, falling oil prices and an upcoming earnings season brighten the outlook.
Weekend - Anthropic’s plans to buy 1.4GW of Aussie data centre capacity, worth $US15 bn
Micron's AI demand fuels earnings! Stock price targets hit $2000, signaling strong momentum.
The yen steadied near 161.2 per dollar after a 40-year low, with Japan's Katayama reaffirming close contact with Washington on FX, as rising bankruptcies and a 30-year high JGB yield keep pressure on policymakers heading into the new week.
6-mo Treasury yields hit 4% as Fed hints at hikes. Bond market signals more hikes needed despite weak jobs.
NZIER's Monetary Policy Shadow Board narrowly favours holding the OCR at 2.25% in July, but calls it a line-ball decision against a 25bp hike, with members still agreeing rates should reach 3 to 3.25% within a year.
Old courthouse sold for $100K! A bargain for investors or a sign of market shifts?
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