Current data lackluster, future view positive
Kia ora,
Welcome to Thursday’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 economic data is light today and we await signals from the building Wall Street earnings season. Markets seem positive about what is ahead.
Meanwhile in the US, mortgage applications fell very sharply last week from the prior week, down -17% and the most in nine years (excluding the pandemic). And that was on top of the more than -5% drop last week. The reason is that…
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