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US President Trump met with US tourism industry executives.

2026-09-03

US President Trump met with US tourism industry executives.

Other News
2026-09-02

Shanghai logged its sixth consecutive month above 20,000 resale transactions in August, with 20,700 second-hand homes sold, up 18% YoY, the Shanghai Municipal Housing Authority said. The seasonal uptick into September could accelerate the recovery. M

Shanghai logged its sixth consecutive month above 20,000 resale transactions in August, with 20,700 second-hand homes sold, up 18% YoY, the Shanghai Municipal Housing Authority said. The seasonal uptick into September could accelerate the recovery. Market participants report some buyers probing price increases while others are swapping into homes priced above 10m yuan beyond the Outer Ring; activity held up despite heavy summer rain and typhoon disruptions.
2026-09-02

Major banks and a Reuters survey expect the RBNZ to raise the OCR by 25bps in September. ASB projects a peak OCR around 3.3%; Westpac sees the OCR at about 3% by year‑end with a peak near 3.3%. CITIGROUP expects a 25bp move and says the RBNZ would st

Major banks and a Reuters survey expect the RBNZ to raise the OCR by 25bps in September. ASB projects a peak OCR around 3.3%; Westpac sees the OCR at about 3% by year‑end with a peak near 3.3%. CITIGROUP expects a 25bp move and says the RBNZ would still need three further hikes to return the OCR to neutral. A Reuters survey likewise forecasts 25bps in September, with over two‑thirds of visitors anticipating at least one more hike and year‑end OCR of 3% or higher. ANZ expects 25bps in September and likely another hike in October, saying the November election is unlikely to prevent a return to neutral. BNZ forecasts 25bps in September followed by 25bp increases at each meeting through May 2027, taking the OCR to a 4% peak. ING notes its May economic forecasts implied a year‑end OCR of about 3% and a flat path next year. Brown Brothers Harriman supports a 25bp move and flags scope for further tightening given inflation remaining above target and stronger domestic growth.
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