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• The Reserve Bank of New Zealand is expected to trim interest rate by 25 bps to 3.25% on Wednesday.
• A rate cut in May is fully priced; RBNZ updated forecasts, acting Governor Hawkesby’s presser eyed.
• The RBNZ’s policy announcements are set to ramp up the volatility around the New Zealand Dollar.

 » Read more about: RBNZ expected to cut interest rates amid concerns over economic growth, US tariffs  »

Investors, traders, speculators and now, consumers and deal-makers continue to respond positively to a generally less belligerent Trump administration tone on tariffs and trade.

The major equity indexes have enjoyed historic rallies since April 9, when President Donald Trump announced an initial retreat from his April 2 “Liberation Day” pronouncements.

But they continue to bounce up and down when he sends social media posts on specific subject matter such as China,

 » Read more about: Stock Market Today: “Good Trump” Gives Dow 740-Point Boost  »

Such talks give hopes that the United States can reach a deal with one of its largest trading partners that would keep global commerce moving and avoid a possible recession. Trump declared a similar pause on his stiff tariffs for products coming from China earlier this month, which launched an even bigger rally on Wall Street at the time.

 » Read more about: S&P 500 rallies 2% as Wall Street's roller-coaster ride whips back upward after Trump delays tariffs  »

NEW YORK (AP) — S&P 500 rallies 2% after President Trump delays a 50% tariff on goods coming from the European Union.

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 » Read more about: S&P 500 rallies 2% after President Trump delays a 50% tariff on goods coming from the European Union  »