A major financial market re-think is underway
Kia ora.
Welcome to Monday’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 financial market sentiment deteriorated sharply at the end of trading last week as war-driven inflation is being priced in more aggressively, because it will persist longer than earlier assumptions. Markets are shifting to a much more sceptical position on Trump policies & actions given the extended track record of failures.
Higher long rates tend to feed on themselves…
The skinny
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