Markets reverse in risk-off shift
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Kia ora.
Welcome to Thursday’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 of a developing spiral of higher energy costs and higher money costs. Wall Street is recoiling at the prospects. The NZD is collateral damage.
US mortgage applications fell again last week from the week before with both new lending and refinance activity retreating equally. That extends the declines to eight of…
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