Stuck in a rut over the ditch
Tuesday 15th October 2024
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New Zealand’s Performance of Services Index stuck yesterday at 45.7 for September, marking the seventh month in contraction. NAB’s Rodrigo Catril says the only good news you can take for that is that it the downturn isn’t speeding up. In China the latest trade numbers were also a disappointment, highlighting the need for a stimulus from the government. In the US equities pushed higher. Phil asks, it can’t all be earnings season, can it? The question is, are some shares buoyed…
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