Year: 2025

Shares of online sports betting platforms struggled in Monday’s session.

SailGP’s sports betting push is part of a broader strategic plan to attract new fans, drive deeper engagement and grow the league’s popularity

New Zealand Q1 2025 terms of trade index +1.9% q/q

• expected +3.6%, prior +3.1%
• for the y/y +17%

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Export Prices +7.1%, led by dairy prices

• expected +3.7%, prior +3.2%

Import Prices +5.1%

• expected +1.3%, prior +0.1%

Stats NZ cites the Reserve Bank of New Zealand’s trade weighted NZD index

• fell 5.3% y/y in the quarter
• New Zealand dollar weakening against most major currencies

• “The weaker New Zealand dollar has contributed to the rise in import and export prices”

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Export Volumes +4.6%

• prior +1.3%
• Import volumes -2.4% q/q

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• Terms of trade refer to the ratio between the prices of a country’s exports and the prices of its imports. In other words, it’s the relative value of a country’s exports to its imports.
• When the terms of trade of a country are improving, it means that the prices of its exports are increasing faster than the prices of its imports. This can lead to an increase in the purchasing power of the country’s exports, which can boost economic growth.
• On the other hand, if a country’s terms of trade are deteriorating, it means that the prices of its imports are increasing faster than the prices of its exports. This can lead to a decrease in the purchasing power of the country’s exports, which can negatively impact economic growth.

This article was written by Eamonn Sheridan at www.forexlive.com.

Standard Chartered expects the euro to consolidate around the 1.14 level, supported by a stable European Central Bank policy outlook and improving German sentiment, but tempered by potential shifts back into US assets.

In a client note, the bank highlighted that the euro remains largely driven by both US dollar dynamics and domestic European macro data.

On the positive side,

• May’s stronger-than-expected German IFO business climate index and signs of incoming fiscal stimulus from Berlin add to euro support. The ECB is also expected to cut rates by 25 basis points next week, followed by a pause through year-end, which the bank believes should underpin the single currency.

However,

• Standard Chartered cautioned that any near-term rotation toward US assets could offset these EUR-supportive factors, keeping the EUR/USD pair rangebound.

Technically, the argue, the pair remains well-supported above its 50-day moving average.

This article was written by Eamonn Sheridan at www.forexlive.com.

Japanese media cite an unnamed source for the info:

• Japanese Prime Minister Shigeru Ishiba may dissolve the House of Representatives for a snap general election if the main opposition party submits a no-confidence motion
• Ishiba has told his aides that “a dissolution of the House of Representatives will come in sight if a no-confidence is submitted” from the Constitutional Democratic Party of Japan, the source said.

• LDP Secretary General Hiroshi Moriyama has already shared the idea with other LDP executives, the source said.

This article was written by Eamonn Sheridan at www.forexlive.com.

Russia sees the beginning of complete withdrawal of Ukrainian troops from Russian territory – including Donetsk, Luhansk, Zaporizhzhia and Kherson regions – as one of the options for establishing a ceasefire.

• As part of the memorandum envisions lifting of all existing and rejection of new economic sanctions and restrictive measures between Russia and Ukraine
• envisions restoration of economic relations with Ukraine, including gas transit
• Proposing limiting the number of Ukrainian troops and weapons.
• Suggest confirmation of Ukraine’s status as non-– nuclear weapon state with explicit ban on deployment of nuclear weapons on its territories.
• Western arms supplies to Ukraine are ruled out for a cease-fire, this also applies for intelligence.
• Envisions holding elections in Ukraine and then signing a peace treaty.
• Implies end to mobilization and start of demobilization in Ukraine for cease-fire
• Ukraine’s neutrality and ban on any military activities of third states on its territory

When you get to the details and Russia’s vision, there are probably things that would take a huge leap of faith from the EU and US perspective. Perhaps it is a start for further negotiations, but I can’t see it being accepted

This article was written by Greg Michalowski at www.forexlive.com.

The major European indices are closing the day with mixed results:

Looking at the closing levels:

• German DAX, -0.28%
• Frances CAC -0.19%
• UK’s FTSE 100 +0.02%
• Spain’s Ibex +0.36%
• Italy FTSE MIB -0.26%

as London/European traders look to exit, the US stock indices are also mixed:

• Dow Industrial Average -0.47%
• S&P index -0.08%
• NASDAQ index +0.26%

In the US market, yields remain higher with a steeper yield curve:

• 2-year yield 3.926%, +1.2 basis points
• 5-year yield 4.001%, +2.3 basis points
• 10-year 4.451%, +3.4 basis points
• 30 year 4.987%, +5.5 basis points

Looking at other markets,

• Crude oil is trading up $2.18 and $62.85
• Gold is trading up $82 or 2.5% at $3370
• Bitcoin is trading at $104,213. The high price reached in May extended to $112,000

This article was written by Greg Michalowski at www.forexlive.com.

More office space is now being removed than is being added. That should help the recovery in a real estate sector that was crushed by the pandemic.

Stocks rebounded from steep April losses, but ETF flows from investors show they remain worried about the U.S. market rally’s strength.

While the inflationary impact on U.S. domestic prices is widely expected to be severe, the effect in Europe will be more mixed, according to analysts.