Look ahead: New Zealand interest rate decision; China CPI; China PPI; oil; PageGroup
The Reserve Bank of New Zealand is unanimously expected to hold rates at 5.5% again on Wednesday, the question is if there will be easing in Q4.
Brace for Asian stock volatility if inflation figures out of China show that domestic demand continues to be weak.
Oil traders eye EIA crude oil inventories as Hurricane Beryl bears down on the United States.
Plus, look out for trading statements from The Gym Group, PageGroup and JD Wetherspoon.
(AI Video Summary)
Reserve Bank of New Zealand's anticipated interest rates decision
In today's IG "Look ahead" update hosted by Angeline Ong, key global financial events are analysed, including the Reserve Bank of New Zealand's (RBNZ) anticipated decision to maintain interest rates at 5.5%. The NZD/AUD currency pair shows a medium upward trend corroborated by moving average convergence/divergence (MACD) indicators.
Major Chinese and US economic data
Potential minimal New Zealand dollar volatility is discussed along with major international economic indicators such as China's consumer price index (CPI) and performance price index (PPI), US wholesale and oil inventories, and the Federal Reserve's (Fed) interest rate decisions. Significant corporate revelations include Page Group's profit warning in response to declining recruitment activities, reflecting broader economic uncertainties affecting the job market.
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