Banking stress rises in China and the EU
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 both China and the EU seem to be facing banking & debt pressures, different of course, but each challenging in its own way.
But first in the US, mortgage applications edged slightly higher last week from the week before to be -30% lower that at the end of September and about the same weak level as a year ago. Rising mortgage interest rates are holding them back with the…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.