Key Points:
US Debt ceiling negotiations continue. US House speaker McCarthy “we do not have a deal on debt ceiling”.
Another ship stuck in the Suez Canal has been re-floated.
Rating agency Fitch has placed Fannie Mae and Freddie Mac on “watch negative”.
New Zealand consumer confidence 79.2 vs 79.3 prior.
US jobless claims 229k vs 245k forecast.
ECB’s Villeroy- Interest rates should top out over the following 3 policy meetings.
Japanese Core CPI y/y 3.2% vs 3.4% forecast.
The New Zealand Dollar (NZD) has been the worst performer this week while the US Dollar (USD) has been the best performer.