Institution: AUD/NZD may rebound in the coming months. Jane Foley, foreign exchange strategist of ABN amro, said in a report that AUD/NZD may rebound in the coming months, because the growth momentum of New Zealand's economy is far less than that of Australia. "The weakness of the New Zealand economy and the risk of further sharp interest rate cuts by the New Zealand Federal Reserve indicate that the fundamentals do not support the further performance of the New Zealand dollar against the Australian dollar." The New Zealand Federal Reserve cut interest rates by 50 basis points in November and hinted that it would cut interest rates further in 2025. The Reserve Bank of Australia kept interest rates unchanged on Tuesday. The Dutch cooperative bank predicts that the Australian dollar will rise from the current 1.0991 to 1.12 against the New Zealand dollar within three months.Prosus, the major shareholder of Tencent, repurchased 126.4 million euros of shares from December 2 to December 6.Norwegian Natural Gas Company: From December 11th to December 12th, Colesnes Natural Gas Treatment Plant stopped production 6 million cubic meters/day.
Market news: Vestis, a supplier of workplace supplies, is interested in acquisition by several acquisition companies.Oracle Bone Inscriptions fell by 10%, the biggest drop since December 2023.US Secretary of State Blinken: The Syrian transition process should achieve credible, inclusive and non-sectarian governance.
Dow Jones opened down 0.2%, S&P 500 rose 0.1%, Nasdaq rose 0.3%, Oracle Bone Inscriptions fell 7.8%, and Q2 revenue fell short of expectations. Data platform MongoDB fell 7.3%, CFO and COO will leave. Alaska Airlines rose 12.0% to buy back $1.1 billion in shares. Dada Group fell 2.5% and Mizuho lowered its target price to $3.50.Citizen Financial Holdings rose 3.3% to an intraday high.VESTIS, a supplier of workplace supplies, once rose 9.4%, the highest since May 1. In the news, VESTIS is interested in the acquisition of many companies.
Strategy guide
Strategy guide
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