New Zealand inflation hits 3%, top of central bank’s target band

High yields on domestic Nigerian debt are expected to keep investors interested, especially as the naira remains stable. The central bank's gradual approach to easing borrowing costs, in response to cooling inflation, suggests a positive outlook for the market. This is significant as it indicates confidence in Nigeria's economic stability and could attract more investment.

India is making significant strides to enhance the use of its currency, the rupee, in trade with key partners. By allowing easier settlement of transactions in rupees, the central bank aims to strengthen the local currency and promote economic stability. This initiative not only facilitates smoother trade but also positions India as a more influential player in global markets, which could have long-term benefits for its economy.

In October, China decided to keep its key lending rates unchanged for the fifth consecutive month, signaling a cautious approach to economic management. This decision reflects the government's ongoing efforts to stabilize the economy amid various challenges, including sluggish growth and external pressures. By maintaining these rates, China aims to support businesses and consumers while navigating a complex economic landscape.

The Labour Party in New Zealand has announced a significant new policy ahead of the 2026 general election, proposing a government fund designed to stimulate investment and boost economic growth. This initiative is crucial as it aims to address economic challenges and foster a more prosperous future for the country, making it a key point of discussion in the upcoming election.

New Zealand's Finance Minister is advocating for stronger regional ties as a response to the ongoing US-China trade war. This move is significant as it highlights New Zealand's proactive approach to navigating global economic challenges and fostering collaboration with neighboring countries. Strengthening these ties could enhance trade opportunities and economic stability in the region, benefiting local businesses and consumers alike.

Ukraine is facing significant pressure from the International Monetary Fund to devalue its currency, a move that could create tensions in Kyiv just as the country prepares for important discussions regarding a new loan package. This situation is critical as it highlights the economic challenges Ukraine is grappling with amid ongoing conflict, and how international financial institutions are influencing its monetary policy.

Citizens has reiterated its Market Perform rating for Bread Financial's stock, indicating a stable outlook for the company. This is significant as it reflects the analysts' confidence in Bread Financial's current performance and future potential, suggesting that investors can expect steady returns without major fluctuations.

The Bank of Ireland has increased its provision for the UK motor finance scandal to £350 million, highlighting the ongoing financial repercussions of this issue. This significant rise in provision indicates the bank's acknowledgment of the potential liabilities it faces, which could impact its financial stability and investor confidence. As the scandal unfolds, it raises concerns about regulatory oversight in the finance sector and the trustworthiness of financial institutions.

A recent analysis of Polymarket data reveals that betting against Donald Trump could be a profitable strategy. Timothy L. O’Brien from Bloomberg Opinion highlights how placing a bet on TACO for the 2025 election would have yielded returns. This insight is significant as it not only showcases the potential of prediction markets but also provides a unique perspective on political forecasting.

A recent analysis of Polymarket data reveals that betting against Donald Trump could be a profitable strategy. Timothy L. O’Brien from Bloomberg Opinion highlights how placing a bet on TACO for 2025 would have yielded returns, showcasing the potential of predictive markets in understanding political outcomes. This insight is significant as it not only informs investors but also sheds light on the dynamics of political betting.

Amazon's cloud service, AWS, has experienced a significant operational issue affecting users on the US east coast. This outage highlights the vulnerabilities in cloud infrastructure, which can disrupt businesses and services that rely heavily on these platforms. As more companies migrate to cloud solutions, the impact of such outages becomes increasingly critical, raising concerns about reliability and service continuity.

Several major websites, including Amazon, Coinbase, and Roblox, experienced significant outages following a disruption in Amazon Web Services (AWS). This incident highlights the vulnerability of online platforms that rely heavily on cloud services, affecting millions of users and raising concerns about the reliability of digital infrastructure.