Asia Market Movers: ICYMI:US won’t impose China oil tariffs unless Europe acts, urges tougher Russian measures

Tuesday, 16 Sep, 2025 News ICYMI:US won't impose China oil tariffs unless Europe acts, urges tougher Russian measures U.S. Treasury Secretary Scott Bessent said the Trump administration will not impose new tariffs on Chinese goods over Russian oil purchases unless Europe takes similar action. He told Reuters and Bloo Central Banks PBOC is expected to set the USD/CNY reference rate at 7.1159 – Reuters estimate People's Bank of China USD/CNY reference rate is due around 0115 GMT. The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also known as Learn more Central Banks Trump's Fed Board pick Miran has enough Senate votes to win Miran will also attend the September 16-17 Federal Open Market Committee (FOMC) meeting. Senate approved Stephen Miran's confirmation on a 48-47 vote will fill the seat that Adriana Kugler stepped dow Central Banks Lisa Cook WILL attend the September 16-17 Federal Open Market Committee (FOMC) meeting Lisa Cook WILL attend the September 16-17 Federal Open Market Committee (FOMC) meeting. A U.S. appeals court has rejected Trump's bid to dismiss Federal Reserve Governor Lisa Cook. The court also deni Central Banks RBA's Hunter says close to getting inflation to target RBA's Hunter says close to getting inflation to target Comments come from "Fireside Chat with Assistant Governor (Economic) Sarah Hunter, at the 2025 AFIA Conference" Close to getting inflation to tar Stock market update BofA strategist: China stock rally may steady after 12% surge, options point to grind Bank of America warns the latest surge in Chinese equities is unlikely to replicate last year's explosive rally, when the CSI 300 Index jumped more than 30% in just weeks on a wave of stimulus-fuelled Stock market update TD Cowen: SEC may shift to semi-annual earnings reports, sees 60% chance of change TD Cowen estimates there is a 60% chance the Securities and Exchange Commission will move from quarterly to semi-annual earnings reporting, a long-debated change that has picked up political and indus Stock market update RBC sees S&P 500 at 7,100 in 2026, raises 2025 target but warns of volatility RBC Capital Markets has rolled out its first preliminary forecasts for the S&P 500 in 2026, projecting a second-half price target of 7,100 alongside earnings of $297 per share for the year. The ba Learn more News New Zealand data: August Food Price Index +0.3% m/m (prior +0.7%) New Zealand food prices in August +0.3% m/m, data from Statistics New Zealand July was +0.7% +5.0% y/y July was also +5% Food prices make up nearly 19 percent of the consumer price index in NZ. -- The

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