UBS Favors New Zealand Dollar After RBNZ Rate Hike
Analysts at UBS are maintaining a bullish outlook on the New Zealand dollar, citing the Reserve Bank of New Zealand's recent interest rate increase and its signal for further policy tightening.
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Bitcoin Bear Market Shows Signs of Maturity, Bernstein Analysts Say
Analysts at Bernstein note that Bitcoin's current 54% correction from its cycle peak is significantly shallower than historical drawdowns of 75-90%, suggesting a more mature market structure despite recent price weakness.
Bitcoin Surpasses $64,000 as Trump's Crypto Support Eclipses MicroStrategy Sale
The price of Bitcoin rose above $64,000 on Monday, with supportive comments from President Donald Trump offsetting market pressure from a newly disclosed sale by corporate holder MicroStrategy.
Bitcoin Consolidates Below $64,700 Resistance as Volatility Declines
Bitcoin is trading in a tight range just below the critical $64,700 resistance level, with technical analysis pointing to a period of low volume and indecision that could precede a significant price move.
Nvidia's Growth Hinges on Broader AI Adoption Beyond Big Tech, Morgan Stanley Says
According to Morgan Stanley, Nvidia's next phase of growth will be driven by a diversifying customer base that includes enterprises and sovereign AI projects, reducing its reliance on a handful of large cloud providers.
Fonterra Trims Upper End of 2026/27 Milk Price Forecast Amid Weaker Global Demand
The New Zealand dairy cooperative lowered its farmgate milk price forecast for the upcoming season, citing an 11% drop in global dairy prices and robust international supply.
Nippon Paint Reportedly Offered $8.6 Billion for Akzo Nobel's Decorative Paints Unit
Japan's Nippon Paint has made multiple offers in the past month for Akzo Nobel's decorative paints business, with a bid reaching as high as €7.5 billion ($8.6 billion), according to a Bloomberg report.
Europe's Late-June Heatwave Linked to Over 10,000 Excess Deaths, Data Shows
Official data from a European health monitoring network indicates that a record-breaking heatwave in late June was associated with more than 10,000 excess deaths across the continent, primarily among the elderly.
Iran Widens Attacks on Gulf States, Declares Strait of Hormuz Closed Amid US Strikes
Iran has expanded its attacks to target U.S. facilities in multiple Gulf states and declared the Strait of Hormuz closed, following a significant escalation of missile and drone exchanges with American forces in the region.