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British Prime Minister Starmer and Polish President held a bilateral meeting.January 13th - U.S. small business confidence rebounded in December, primarily driven by improved expectations for the future business environment. The National Federation of Independent Business (NFIB) reported Tuesday that its Small Business Confidence Index rose to 99.5, up from 99.0 in November. This figure remains above the indexs long-term average of 98 and also exceeded expectations of remaining flat. The rise was mainly due to the first improvement in expectations for the future business environment since July of last year. Meanwhile, the uncertainty index fell to its lowest level since June 2024. NFIB Chief Economist Bill Dunkelberg stated, "Small business optimism has further improved by the end of 2025. Although businesses remain concerned about taxes, they expect a favorable economic environment for business development in 2026 due to easing cost pressures, a reduction in labor issues, and increased capital investment."According to Hong Kong Stock Exchange documents, Zhejiang Yifei Intelligent Technology Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange.TD Cowen: Lowered its target price for Netflix (NFLX.O) from $142 to $115.On January 13, GDS Holdings Limited (09698.HK) announced that it has entered into a definitive agreement with DayOne Data Centers Limited, pursuant to which DayOne will repurchase DayOne ordinary shares from GDS Holdings Limited for US$385 million. The repurchase price per ordinary share is the same as the price at which DayOne recently announced the issuance of over US$2 billion in new Series C convertible preferred shares.

As focus shifts to RBA policy, the AUD/NZD crosses 1.120

Alina Haynes

Jul 29, 2022 10:54

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After turning around at the crucial support level of 1.1100 on Thursday, the AUD/NZD pair has since moved sideways. The narrow consolidation range between 1.1105 and 1.1119, which was created during the Asian session, has been violated by the cross. The Reserve Bank of Australia is expected to increase interest rates by 50 basis points (bps) for the second time in a row (RBA).

 

The RBA will review the Official Cash Rate at its upcoming monthly monetary policy meeting (OCR). According to a Reuters poll, RBA Governor Philip Lowe will increase the OCR for the third time in a row by 50 basis points. The OCR will rise to 1.85 percent as a result. Policy tightening is required in view of the growing pricing pressures in the Australian economy. In the second quarter of CY2022, the Australian Consumer Price Index (CPI) increased to 6.1 percent.

 

The inflation rate was higher than the prior measurement of 5.1 percent even though it remained 10 basis points below the consensus. By the end of September, the cash rate is predicted by 19 of the 31 economists surveyed by Reuters who have a long-term perspective on rates to be at 2.35 percent or higher. This raises the possibility of the expected fourth consecutive rate rise of 50 basis points.

 

Kiwi bulls in New Zealand have not benefited from rising ANZ- Roy Morgan Consumer Confidence statistics. The qualitative data now stands at 81.9, an increase over the prior report's 80.5. The labor market figures for New Zealand will be released next week, which is crucial.


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