RBNZ Deputy Governor Silk said the bank does not yet see a need to raise interest rates, but short-term inf pressures are building.

Guangzhou's 15th Five-Year Plan prioritizes breakthroughs in domestically produced AI compute chip adaptation and heterogeneous-compute dynamic scheduling and aims to build an autonomous, controllable intelligent-computing-center architecture. The plan directs accelerated development of vertical-sector large-model technologies and embodied intelligence—robot multimodal perception, bionic dexterous hands, autonomous learning and decision-making—and supports R&D and productization of intelligent sensors, EDA design and simulation tools, core materials, advanced processes and key equipment.

S&P 500 has returned to record highs after a >19% surge in 41 trading days from the March low, but the pace of gains has materially slowed, DataTrek Research says. DataTrek describes the rebound as approaching a two-sigma move—about two standard deviations above any 100‑day average return—which could indicate momentum-driven "quick money" is largely spent. The firm warns investors to prepare for a slower, choppier US summer, with consolidation or range-bound trading likely, Jessica Rabe wrote.