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December 3rd - According to Shenzhen Beike Research Institute, from January to November 2025, the transaction volume of new and second-hand homes in Shenzhen reached 111,519 units, an increase of 12% compared with the same period last year, setting a new high for the same period in the past five years.Airbus: The company now targets approximately 790 commercial aircraft deliveries by 2025.December 3rd - Data shows that the UK and Japan are responding to investor demand by increasing short-term borrowing. This strategic shift reduces government interest payments but also exposes them to potential high-cost interest rate volatility when rolling over debt. This year, the UK drastically reduced its sales of long-term bonds to a record low and is now considering expanding its ultra-short-term note market. In Japan, the government is heeding calls to increase short-term debt issuance after a sell-off in long-term bonds. "The risk is that if interest rates rise, your interest payments could suddenly increase dramatically," said Evelyne, a strategist at Mizuho Securities. These increases also reflect inflationary pressures and weakening demand for long-term debt from traditional buyers. For decades, UK income-generating pension funds have purchased long-term bonds to match their liabilities, allowing the UK to extend the average maturity of its bond issuances far beyond its peers. Now, many of these programs are fading.The yield on Japans 30-year government bonds rose 5 basis points to 3.425%, a record high.The yield on Japans 40-year government bonds rose 5 basis points to 3.735%.

With RBA policy in the forefront, AUD/NZD sustains a weekly low at 1.0900

Daniel Rogers

Aug 01, 2022 12:16

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After dropping near to a crucial support level of 1.0900 during the Asian trading session, the AUD/NZD pair has since recovered considerably. Several offers have been submitted for the asset, and a purchase response is in the process. Strong purchase activity typically indicates that consumers thought the underlying product was a wise investment.

 

The cross is turning upwards as investors prepare for forceful words from the Reserve Bank of Australia (RBA). For the third time in a row, RBA Governor Philip Lowe is expected to increase the Official Cash Rate (OCR) by 50 basis points (bps). Australia's inflation rate has increased to 6,1% as of the second quarter of CY2022, which has led to increased pricing pressure. Since the prices of commodities like oil and food continue to fluctuate, the inflation rate has not yet run out of room to rise.

 

In today's session, the release of the Caixin Manufacturing PMI data is quite important. The economic data is predicted to register at 51.5, slightly below the prior level of 51.7. A reduction in Chinese industrial activities will have an impact on the antarctic because Australia is China's main trading partner.

 

On the New Zealand front, kiwi bulls anticipate the release of employment numbers on Tuesday. According to projections, the jobless rate will drop from the previously reported 3.2 percent to 3.1 percent. In addition, the Employment Change may increase from the previous 0.1 percent to 0.4 percent.


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