As expected, the Reserve Bank of New Zealand cut its official rate by 0.25%, but more tellingly, predicted a deeper easing cycle, taking a more dovish tilt.
After markets remained closed on Monday due to Memorial Day, US stocks jumped on Tuesday in response to “positive” progress on US-EU trade talks and stronger-than-expected consumer confidence data.
Regardless of the downgrade, almost all investors still consider US Treasury securities as risk free. Therefore, credit spreads versus Treasuries remain a viable stick to measure credit conditions for corporations.
The early stop follows the trial meeting its primary endpoint of non-inferiority of Tebipenem HBr compared to an intravenous medicine in hospitalised adult patients with cUTI.
China has urged the U.S. to protect the rights of international students after U.S. Secretary of State Marco Rubio reportedly ordered a global suspension of student visa issuance amid new screening methods.
Joby Aviation Inc (NYSE:JOBY) shares are trading higher Wednesday after the company announced the closing of a $250 million investment from Toyota Motor Corp (NYSE:TM).
