China market fever breaks as Beijing stimulus disappoints
Kia ora,
Welcome to Wednesday’s Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.
I'm David Chaston and this is the international edition from Interest.co.nz.
Today we lead with news China has not announced the new stimulus that investors were expecting, rather just re-hashing existing measures. Equity and commodity markets reacted negatively to the disappointment.
But first, the American retail Redbook index rose marginally last week to be +5.4% above year-ago levels, and well ahead of inflation.
The US SME optimism index rose slightly in…
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