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Afghan government spokesperson: All parties agreed to continue talks after the Istanbul meeting.A spokesperson for the Afghan government said that talks with Pakistan have concluded in Turkey after several days of mediation by Türkiye and Qatar.On October 31st, Commerzbank economist Joerg Kraemer noted in a research report that European Central Bank President Christine Lagarde signaled at her press conference that key interest rates would not be lowered in the coming months. Kraemer stated that Lagarde reiterated that current interest rates are in a "comfortable range," further reinforcing the case for maintaining interest rate stability. While acknowledging that economic risks have decreased due to trade compromises and the Middle East ceasefire, Lagarde avoided describing overall economic risks as tilted upwards. Kraemer stated, "We continue to expect the ECB to maintain the deposit rate at 2% at least until the end of next year."Market news: Ford Motor Company (FN) will invest $370 million in India.October 31st - According to sources familiar with the matter, Nvidia (NVDA.O) plans to invest up to $1 billion in artificial intelligence company Poolside, a deal that would quadruple the AI startups valuation. Poolside is in talks to raise $2 billion at a valuation of $12 billion (excluding amounts already raised). Sources say Nvidias initial investment in this round is $500 million, and could increase to $1 billion if the startup reaches its fundraising goals. Poolside reportedly already has over $1 billion in investment commitments, with approximately $700 million coming from existing investors. Magnetar, an asset management firm known for its hedge fund investments, is also reportedly in talks to participate in this funding round.

NZD/USD Nears 0.6220 Amid a Weak U.S. Dollar, With New Zealand Inflation in Sight

Daniel Rogers

Apr 19, 2023 15:54

 NZD:USD.png

 

After defending the round-level support at 0.6200, the NZD/USD pair exhibited a lackluster performance during the Asian session. As the US Dollar Index (DXY) performs unfavorably, the Kiwi asset approaches the 0.6220 level of resistance.

 

S&P500 futures have extended their losses because investors are concerned about the future performance of stocks, indicating a cautious performance. US commercial institutions have displayed a mixed performance thus far. In the aftermath of March's turmoil and restrictive credit conditions, investors were initially apprehensive about the quarterly performance of banking stocks.

 

Following a substantial retracement, the US Dollar Index (DXY) continues to trade above 101.78. In spite of hawkish remarks from Federal Reserve (Fed) policymakers, the USD Index failed to exhibit a power-packed movement. As reported by Reuters, the president of the Federal Reserve Bank of St. Louis, James Bullard, advocated for the continuation of the central bank's policy tightening in view of the continued strength of labor market data.

 

In the second half of 2023, the probability of a recession decreases, according to Fed policymakers, as robust labor demand drives global consumption.

 

Thursday's quarterly inflation data is anticipated to affect the New Zealand Dollar. The New Zealand Consumer Price Index (CPI) accelerated to 2.0% from 1.4% in the first quarter of CY2023, according to the consensus. New Zealand's annual inflation rate has increased to 7.5% from 7.2%. As a result of the Reserve Bank of New Zealand's (RBNZ) decision to raise interest rates, households in the New Zealand economy are expected to bear a suffocating burden as a result of the country's rising inflation.

 

In addition, this suggests that RBNZ Governor Adrian Orr will continue to raise interest rates to combat inflation.


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