NZ PPI jumps 2.1%, surprising markets; strong USD weighs on gold, EUR/USD, and GBP/USD rates.
New Zealand’s services sector slips further in April, while manufacturing shows signs of improvement with growth.
New Zealand’s Producer Price Index rose 2.9% in Q1, far exceeding the expected 0.2% increase.
US credit downgrade sinks stock futures; global politics, ECB caution, and Biden’s diagnosis fuel market unease.
New Zealand’s services sector contracts in April, with PSI dropping to 48.5 from 49.1 previously.
John Williams speaks at Hofstra; Asian markets await key April economic data, including retail and production numbers.
Binance and Kraken faced hack attempts like Coinbase; conflicting reports say no customer data was compromised.
Yen and euro climb as Moody’s downgrades U.S.; Brexit reset and EU trade talks influence markets.
Tariffs may return to prior levels if trade deals stall, says Treasury Secretary Bessent on CNN.
Monday markets open thin; Moody’s U.S. downgrade, ECB comments, and global trade talks sway currency rates.
Insights 
VT 
