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Markets US equities catapulted to stratospheric heights Tuesday, propelling the S&P 500 to unprecedented peaks fueled by President Trump's pro-growth directives, a monumental private sector investment in AI infrastructure, and stellar earnings that rekindled a stock market bonanza. Amidst the co

The New Zealand dollar dropped as much as 0.5% earlier today but has recovered. In the European session, NZD/USD is trading at 0.5684, up 0.10% on the day. New Zealand inflation unchanged at 2.2% New Zealand CPI, released quarterly, was unchanged in the fourth quarter at 2.2% y/y. This was slightly

China’s 4Q24 GDP growth accelerated to 5.4% y/y, 1.6% q/q sa. The 2024 full year growth of 5.0% has met official target, coming in slightly higher than our forecast of 4.9%. The stronger recovery was driven by the industrial sector, UOB Group's economist Ho Woei Chen notes. 4Q24 GDP growth beat esti

The Australian dollar has started the week quietly. In the North American session, AUD/USD is trading at 0.6151, up 0.07% at the time of writing. Earlier, the Australian dollar fell as low as 0.6130, its lowest level since April 2020. It was another rough week for the Australian dollar, which declin

Benchmark crude prices have kicked off the year with an unexpected boost, fueled by speculation that President-elect Donald Trump will intensify oil sanctions on Iran. This comes alongside President Biden’s increased sanctions on Russian tankers, contributing to higher oil prices at the start of the