NZD lags after the RBNZ cut, JPY unaffected by Kishida, US CPI ahead - Newsquawk Europe Market Open

• APAC stocks only partially sustained the momentum from Wall St where risk sentiment was underpinned by softer-than-expected PPI data. • RBNZ cut the OCR by 25bps to 5.25% (vs. mixed views between a cut and a hold); projections point to a further reduction this year. • Japanese PM Kishida confirmed he won't run for re-election as LDP leader. • European equity futures indicate a mildly positive open with the Euro Stoxx 50 future up 0.3% after the cash market finished with gains of 0.5% on Tuesday. • DXY is...