Investor risk aversion rises
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.
And today we lead with news risk aversion is the theme of the day for investors who seem particularly jittery about AI valuations, crypto prices, and the prospects for the US economy.
But first, we start today with the results of another full dairy auction, and they aren't good. Not so much because the overall result was down -3.0% in USD terms, more because that makes it seven declines in a…
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