Wall Street votes, and it isn't for Trump
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.
And today we lead with news Wall Street has taken sudden fright on the growing realisation of what Trump has wrought for them. It's risk-off in a big way with equities falling sharply and bond yields retreating. Normally on a risk-off phase the USD rises, but this time it's actually softer. Putin's puppet isn't good for business.
Probably not helping is that one-year US inflation expectations…
The skinny
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