NZ Business Services Index 48.9 vs 46 prior.
Previous was revised higher from 46 to 47.3
NZ Business Services Index 48.9 vs 46 prior.
Previous was revised higher from 46 to 47.3
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UK finance jobs surge 12% driven by AI demand! Software roles now 16% of vacancies, outpacing banking. Automation cuts clerical roles.
Morgan Stanley also delays their Fed rate cut forecast to June and September. They had previously penciled in rate cuts for January and April.
Meanwhile, Barclays delays Fed rate cut forecast to June and December. They had previously penciled in rate cuts for March and June instead.
JP Morgan no longer expects Fed rate cut for this year, previously penciled in a 25 bps rate cut for January.
Powell probe rattles futures: Nasdaq down 0.8%, S&P 0.5%. Gold jumps 1.7%, silver 4%. Fed independence fears rise.
Gold & silver hit record highs on safe-haven demand & Fed rate cuts. Oil stocks and Venezuelan bonds rally on political shifts.
China battery stocks slide on export tax rebate cuts; lithium futures surge. Korean peers gain.
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