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Monthly Archives: May 2025
In April, New Zealand’s Business NZ PMI rose from 53.2 to 53.9.
Written on May 16, 2025 at 6:52 am, by davin
New Zealand’s manufacturing sector grows, boosting the Business NZ PMI. Meanwhile, Bitcoin and Solana decline amid FTX creditor repayments, and the UK’s unexpected growth raises questions about sustainability. – vtmarketsmy.com
April’s PMI for New Zealand’s manufacturing sector rises to 53.9, indicating growth and recovery
Written on May 16, 2025 at 6:52 am, by davin
New Zealand’s manufacturing sector shows promising growth with a PMI of 53.9 in April, indicating sustained recovery. However, concerns linger about future demand and economic sustainability. Is the momentum here to stay? – vtmarketsmy.com
White House announces series of investment agreements in AI and energy with the UAE
Written on May 16, 2025 at 6:51 am, by davin
The Trump administration has announced vague, potentially recycled deals worth $200 billion with the UAE and Saudi Arabia, lacking details or verified commitments, raising questions about their real market impact. – vtmarketsmy.com
Australia’s Trade Minister hesitant to join the US in trade conflict with China
Written on May 16, 2025 at 6:51 am, by davin
Australia prioritizes its trade relationship with China, emphasizing economic interests over US diplomatic pressures, as exports to China significantly exceed those to the US. This could stabilize markets centered on Australian commodities. – vtmarketsmy.com
Gold prices surged significantly due to weak US data, geopolitical tensions, and declining yields.
Written on May 16, 2025 at 6:51 am, by davin
Gold prices surged to $3,228 from $3,120, driven by a weaker US Dollar and falling bond yields. Central banks’ purchases and geopolitical tensions further fueled its appeal as a safe-haven asset. – vtmarketsmy.com
Gold Softens As Diplomatic Progress Dents Safe-Haven Appeal
Written on May 16, 2025 at 6:39 am, by ahmad
Gold prices slipped to $3,216 per ounce on Friday, pressured by diminished demand for safe-haven assets as global sentiment improved in response to several diplomatic advances. The precious metal is heading for a weekly decline of over 3%, having retreated from an earlier session high of $3,252.23. The principal catalyst for the pullback was aContinue Reading
U.S. Deputy Treasury Secretary expresses confidence in moderating inflation and economic growth
Written on May 16, 2025 at 3:20 am, by davin
U.S. Deputy Treasury Secretary Adeyemo reassured that inflation will stabilize, easing concerns about price hikes. With confidence in the economy’s rebound and upcoming Treasury auctions, volatility remains a key factor to watch. – vtmarketsmy.com
NZD/USD Nears 0.5900 as Weak New Zealand Fundamentals Weigh on Cautious Investor Sentiment
Written on May 16, 2025 at 3:18 am, by davin
The NZD/USD hovers around 0.5900, facing pressure from mixed US economic data and caution from the Fed. Market awaits key NZ indicators to gauge future currency movements. – vtmarketsmy.com
Jamie Dimon Warns Recession Risks Remain Due to Inflation, Deficits, and Possible Interest Rate Hikes
Written on May 16, 2025 at 3:17 am, by davin
JPMorgan CEO Jamie Dimon cautions that recession risks remain due to inflation, federal deficits, and interest rates. Businesses hesitate to invest, indicating broader economic concerns, despite adjusted recession probabilities below 50%. – vtmarketsmy.com
Walmart’s Stock Rebounds After Impressive Quarterly Results Following 5% Drop
Written on May 16, 2025 at 3:17 am, by davin
Walmart’s stock rebounded after strong quarterly earnings, with an adjusted EPS of $0.61 and revenues over $165 billion. Despite concerns over international sales and rising tariffs, outlook remains cautiously optimistic. – vtmarketsmy.com
