A tale of two markets
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 the equity markets and the bond markets are flashing quite different signals, and equity markets seem quite out of step with the operating economic data. When these vary, there is usually a reckoning, and that usually (but not always) results in an equity correction.
But first up today, the overnight dairy auction brought results similar to what the derivatives…
The skinny
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