News update from justmarket trading forex

unchanged. New Zealand has left the recession territory
The People's Bank of China set the average rate at 7.1192 per dollar, the weakest since November 2023 and the biggest one-day move since April 16. Meanwhile, earlier on Thursday, the People's Bank of China (PBoC) left key lending rates unchanged at the June fixing, matching market expectations. The 1-year prime rate (LPR) was left at 3.45% and the 5-year LPR at 3.95% after a record 25 basis points cut in February.

The New Zealand dollar rose against the US dollar thanks to stronger-than-expected first-quarter GDP data. New Zealand's economy grew by 0.2% in the first quarter compared to 0% in the previous quarter, beating expectations. On an annualized basis, GDP increased by 0.3% in the first quarter, compared to a contraction of 0.2% in the previous quarter.

Latest changes in the stock market:

🔼 Dow Jones Index (US30) up by 0.15%;
🔼 S&P 500 Index (US500) up by 0.25%;
🔼 NASDAQ Technology Index (US100) up by 0.17%;
🔽 German DAX (DE40) down by by 0.35%;
🔽 French CAC 40 (FR40) down by 0.77%;
🔽 Spanish IBEX 35 (ES35) down by 0.10%;
🔼 British FTSE 100 (UK100) up by 0.17%