China's rescue plan gets few ticks
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 expected glow following the Chinese stimulus signals is surprising in its absence. Markets have turned quite sceptical and the Chinese bond yields have sunk sharply.
But first up today, we can report that the overnight GDT dairy Pulse auction brought slightly lower prices for SMP and WMP, but that the fall in the NZD maintained the results in NZD. SMP fell…
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