Markets start to reassess risk in the face of policy without ethics
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 US equity markets have made a comeback from yesterday's tech rout. But it isn't a full comeback yet in the tech space. In addition, general economic sentiment is more sober about the 2025 prospects.
But first, last week's US retail sales were up +4.9% from the same week a year ago.
However, new orders for manufactured durable goods fell -2.2% in December from…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.