Iran extracts Persian Gulf tolls
Kia ora.
Welcome to Tuesday’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 that yesterday's renewed hostilities between Israel and Iran seem to have been paused. And financial markets are reacting as though this is something permanent, a deluded reading of even recent history. It is more an excuse to bet on higher equity prices again.
Away from these irrational markets and after hitting a two and a half year high in April at 3.5%, American…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.