Live Updates

7

Jul 2025
Following OPEC+’s larger oil output announcement, WTI rebounds to around $65.50 during trading

WTI oil rebounds to $65.50 despite OPEC+ output hike; US trade optimism supports price stability.

7

Jul 2025
There’s minimal agenda today, with Trump’s tariff letters grabbing attention ahead of upcoming deadlines

Markets await Trump’s tariff letters, aiming for trade deals before new August 1 implementation deadline.

7

Jul 2025
An increase to 0.6% in Austria’s wholesale prices occurred, up from the prior -0.3%

Austria’s wholesale prices rose to 0.6% in June, reversing May’s decline of -0.3%.

7

Jul 2025
In June, UK house prices remained unchanged, reflecting a resilient market and rising wages aiding affordability

UK house prices steady in June 2025; rising wages and stable interest rates support market recovery.

7

Jul 2025
In June, Switzerland’s foreign currency reserves increased to 713 billion from 704 billion

Switzerland’s foreign currency reserves rose to 713 billion in June, reflecting ongoing accumulation by SNB.

7

Jul 2025
German industrial production rose by 1.2%, contrasting with expected stagnation, following prior revisions downwards

Germany’s industrial production rose 1.2% in May, exceeding expectations despite declines in energy-intensive sectors.

7

Jul 2025
In June, Austria’s year-on-year wholesale prices rose to 0.2% from a prior -0.5%

Austria’s wholesale prices increased by 0.2% in June, signaling a possible economic recovery trend.

7

Jul 2025
Central banks’ meetings highlight expectations of rate cuts from the RBA and stability from the RBNZ

RBA eyes rate cut amid market certainty; RBNZ likely to hold steady, awaiting more economic data.

7

Jul 2025
A few EUR/USD FX option expiries may influence price action amidst trade concerns and market dynamics

EUR/USD expiries between 1.1750–1.1800 may limit movement; market awaits Wall Street’s reopening impact.

7

Jul 2025
The NZIER Shadow Board recommends the RBNZ maintain the current cash rate amid inflation uncertainties

NZIER’s shadow board advises holding OCR at 3.25% amid economic sluggishness and uncertain inflation outlook.

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