Economy Watch
1,329 episodes - English - Latest episode: 24 days ago -We follow the economic events and trends that affect New Zealand.
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Moody's trims China outlook
December 05, 2023 18:55 - 5 minutes - 5.07 MBKia 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 Moody's has downgraded the Chinese economy's outlook. First up today however there was a dairy auction overnight and that came in with a minor +1.6% gain in USD terms, although only a +0.5% rise in NZD terms. Rather oddly, most of the major components managed ...
Global trade choke-points under threat
December 04, 2023 18:45 - 4 minutes - 4.03 MBKia ora, Welcome to Tuesday’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 major global trade choke-points are under threat and this may bring very costly work-arounds. But first in the US, October factory orders fell sharply and by more than expected. They fell -3.6% from September to be down -1.4% from the same month a year ago. But ...
Adrian Orr: Doing whatever it takes to achieve low and stable inflation, and his ideal scenario for monetary policy in a year's time
December 04, 2023 18:30 - 34 minutes - 31.9 MBReserve Bank Governor Adrian Orr says he's "extremely confident" the world is heading back to a period of low inflation, saying the central bank is prepared to do "whatever it takes" to achieve its mandate of low and stable inflation. Speaking in in the latest episode of interest.co.nz's Of Interest podcast, Orr talks about the reaction from financial markets to last week's Reserve Bank monetary policy review, what its Monetary Policy Committee members will be watching between now and when ...
Social stresses rise from China's slowdown
December 03, 2023 21:15 - 5 minutes - 4.7 MBKia ora, Welcome to Monday’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 social consequences of the Chinese economic slowdown are just not going away. But first, there were a flurry of factory PMIs released over the weekend confirming a global manufacturing downturn remains, even it is minor. But not minor is the widely-watched U...
Lower inflation follows tamer activity
November 30, 2023 18:46 - 6 minutes - 5.58 MBKia ora, Welcome to Friday’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 global inflation is coming down as energy cost pressures recede. And so far it hasn't been at the expense of global economic expansion. But first today, US headline jobless claims rose but the increase was minor and less than expected. On an actual basis the fall...
Global soft landing anticipated by OECD
November 29, 2023 18:46 - 5 minutes - 4.63 MBKia 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. And today we lead with news the OECD doesn't see New Zealand's OCR being cut until 2025. But first, American mortgage application levels were little-changed last week from the prior week and are now running -19% lower than a year ago as the lower base settles in. Mortgage rates dipped aga...
US retail up, Aussie retail down
November 28, 2023 18:41 - 4 minutes - 4.14 MBKia 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 markets are reacting to US Fed views that 'everything is on track' and no more rate rises are likely. Firstly though, the first indications of bricks & mortar store retail sales for last week are coming through with the US Redbook index up an impressive +6.3% ...
John Ballingall: Why the time is ripe for a new trade strategy
November 28, 2023 03:13 - 35 minutes - 32.3 MBOn the 22nd of November, while the National Party was putting the finishing touches on its coalition agreement, the European Union (EU) ratified a new trade deal with New Zealand. It was the latest in a long line of agreements NZ has struck since 1983, but it could be the last. Speaking in in the latest episode of interest.co.nz's Of Interest podcast, John Ballingall, a partner at economic consultancy firm Sense Partners, says NZ may have reached “peak FTA” as there aren’t any likely or w...
US rates fall, China risks rise
November 27, 2023 18:37 - 4 minutes - 4.34 MBKia ora, Welcome to Tuesday’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 of falling wholesale rates in the US and rising equity risks in China. First in the US, the one corner of there housing market that has been expanding - the sales of new homes - dipped in October. Sales of new single-family houses fell by 5.6% to an annualised r...
Shoppers upbeat about spending
November 26, 2023 18:24 - 6 minutes - 5.54 MBKia ora, Welcome to Monday’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 early indications are that end of year retailing might be coming in with more upside than expected. But first, this week, all eyes will be on the RBNZ Monetary Policy Review on Wednesday even though no change in the benchmark policy rate is anticipated. We wi...
Central banks react to sticky inflation
November 23, 2023 18:34 - 4 minutes - 4.2 MBKia ora, Welcome to Friday’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 we again need to keep an eye on an outbreak of respiratory illness in China that has rapidly filled hospitals there. But first, with both the US and Japan on holiday, data from other countries are getting a chance to shine through today. But holiday season retail...
Tougher US data and global central bank warnings
November 22, 2023 18:38 - 4 minutes - 3.99 MBKia 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. And today we lead with news central bank bosses have been out warning of inflation and economic stress. But first in the US, their Thanksgiving holiday has brought forward some key data releases. First up, the headline jobless claims numbers came in sharply lower than expected, indicating...
Weak China demographics echo everywhere
November 21, 2023 23:15 - 4 minutes - 4.11 MBKia 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 China's rapidly changing demographics are weighing heavily on the country. But first, and maybe related, today's dairy auction was a weak one. Prices were only very marginally lower in USD terms, but they fell -2.2% in NZD terms as our currency rose overnight....
Giving "shock therapy" a try
November 20, 2023 18:41 - 5 minutes - 4.73 MBKia ora, Welcome to Tuesday’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 it seems to be the season for some "shock therapy" - from OpenAI to Argentina. Byt first in the US, this is the lead-up week to their long Thanksgiving holiday weekend, a four-day Thursday-to-Sunday work-break - for many. Wednesday is usually a travel crush day....
Argentina wrestles with stark choice
November 19, 2023 18:22 - 4 minutes - 4.45 MBKia ora, Welcome to Monday’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 some eyes are on the cliff-hanger election is Argentina. It is turning out to be very close. But first, in the week ahead, the main focus will be on the Fed meeting minutes followed by American durable goods orders, manufacturing PMIs, and some housing market dat...
Kelly Eckhold: Why the RBNZ's increased foreign currency intervention capacity makes sense
November 18, 2023 17:00 - 35 minutes - 32.1 MBAlthough trading in foreign exchange markets is inherently very risky, the Reserve Bank (RBNZ) boosting its capacity to do so makes sense both from monetary policy and financial stability perspectives, Westpac New Zealand Chief Economist Kelly Eckhold says. Speaking in in the latest episode of interest.co.nz's Of Interest podcast, Eckhold whoformerly worked as the RBNZ's manager of foreign reserves and at the International Monetary Fund, says the RBNZ's foreign currency intervention capacit...
Commodities out of favour; oil prices dive
November 16, 2023 18:39 - 4 minutes - 3.93 MBKia ora, Welcome to Friday’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 of some weaker American data overnight that has brought a risk-off tone to financial markets and a pull-away from commodity currencies like the NZD. US jobless claims rose marginally last week but the weekly series of small rises are now adding up and they are no...
Goldilocks end to inflation's threat
November 15, 2023 18:48 - 6 minutes - 6.04 MBKia 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. And today we lead with news American data points to the soft landing the US Fed has been looking for as it seems to have successfully navigated the inflation transition. But first we should note that President Xi has arrived in San Francisco for the APEC meeting, his first visit to the US...
Cooling US inflation likely ends Fed hikes
November 14, 2023 18:29 - 4 minutes - 3.87 MBKia 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 markets sense the US Fed is about to say it is done raising rates In the US, their annual inflation rate slowed to 3.2% in October from 3.7% in both September and August, and below market forecasts of 3.3%. Core inflation retreated to 4.0%, also a touch less t...
World economy can't find momentum
November 13, 2023 18:39 - 4 minutes - 4.49 MBKia ora, Welcome to Tuesday’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 the Americans face yet another government shutdown threat from disorganised partisans in Congress. But first today, the respected NY Fed American inflation expectations survey was actually little changed. Consumers said in October that inflation for the year ahead wi...
Australia gets another major national IT crisis
November 12, 2023 18:18 - 7 minutes - 7.23 MBKia ora, Welcome to Monday’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 that on top of the Optus screwup, now the four larges ports in Australia are effectively shut down via a cyberattack. But first up today, we should note that credit rating agency Moody's has held the US rating at Aaa, but changed the outlook to 'Negative' from 'S...
Apple loses key fight round over $20 bln tax claim
November 09, 2023 18:43 - 4 minutes - 4.08 MBKia ora, Welcome to Friday’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 that Apple's tax tussle with the EU isn't going its way. And more than NZ$20 bln is at stake. But first up, US jobless claims were reported lower in the seasonally adjusted data, but actually rose in the raw data, and by quite a bit. There are now 1.608 mln peopl...
Beijing takes the soft options
November 08, 2023 18:49 - 5 minutes - 4.69 MBKia 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. And today we lead with news there is little evidence the global economy is on the rise. Bond markets don't think so. But first, last week there was a rare rise in American mortgage applications, now off a lower base however, but also helped by sharply lower mortgage interest rates. Their ...
Christina Hood: Getting to net zero and what comes next
November 08, 2023 01:18 - 35 minutes - 32.8 MBNew Zealand should be one of the easiest places in the world to get to net zero greenhouse gas emissions and we should be planning for net negative, the next step after that, says Christina Hood. Hood, the head of energy and climate policy consultancy Compass Climate, spoke to interest.co.nz in a new episode of our Of Interest podcast. Hood is also the former head of the climate unit at theInternational Energy Agency in Paris. In the podcast she spoke about the push to net zero by 2050; ad...
China's exports fall at a faster pace
November 07, 2023 18:47 - 5 minutes - 5.32 MBKia 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 global trade is in the spotlight. The run of dairy price rises ended in today's Global Dairy Trade auction today. Overall prices fell -0.7% in USD terms, down -1.2% in NZD terms. The key WMP price fell -2.7% in a key shift, but one signaled by the weekly GDT P...
China-Australia relations thaw
November 06, 2023 18:30 - 4 minutes - 3.91 MBKia ora, Welcome to Tuesday’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 mostly about Australia today. The Australian prime minister is in Beijing meeting with President Xi. Trade is the main topic, and that needs improved relations after a period of bilateral tension. These latest meetings bring a notable thaw, ahead of the US-China...
Eyes on Albanese in Beijing
November 05, 2023 18:43 - 8 minutes - 7.6 MBChina PMIs lackluster. China suffers FDI outflow. US non-farm payrolls grow but PMIs soft. Aussie retail volumes sink. Albanese in Beijing.
Bond markets rally as rate expectations retreat
November 03, 2023 18:07 - 5 minutes - 5.2 MBKia ora, Welcome to Friday’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 US Treasury’s debt issuance plan eased investors’ fears of a looming deluge of long-term government debt that had triggered a bond market rout and bond markets have rallied very sharply. But first in the US initial jobless claims rose last week by a mere +280...
Strong US data keeps Fed from signaling it is 'done'
November 01, 2023 19:18 - 6 minutes - 6.09 MBKia 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. And today we lead with news the US central bank still sees American inflation 'elevated' above where it needs to be. At its latest review, the US Fed has delivered the result markets expected, and one well signaled by the recent Fed speakers - a hawkish hold. They kept the federal funds r...
Xi on defence over economy track
October 31, 2023 18:41 - 5 minutes - 5.39 MBKia 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 Chinese President is having to get involved in shoring up China's faltering economic track. In China, their official factory PMI fell unexpectedly in October back into contraction after the minor expansion in September. Markets weren't expecting that, So C...
'We're OK if we can avoid the shocks'
October 30, 2023 18:39 - 4 minutes - 4.07 MBKia ora, Welcome to Tuesday’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 geopolitical risks remain high but they don't seem to be escalating from here, and markets are taking that as a positive signal. But benchmark interest rates are back rising again. First up today, global banking giant HSBC has announced a doubling of its profits...
"Not good enough" Australia tells the EU
October 29, 2023 18:24 - 4 minutes - 4.47 MBKia ora, Welcome to Monday’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 economic news away from the global geopolitical struggles was only 'average' over the weekend. In the week ahead, the key local data is our September labour market situation which is due Wednesday. More here. Then on Thursday (NZT), the US Fed will review its monetar...
Peter Dunne: How coalition negotiations work
October 26, 2023 21:56 - 35 minutes - 32.2 MBAfter the 2014 election, Peter Dunne got a phone call from Prime Minister John Key to say National wouldn’t need the support of United Future to form a Government. The same call was made to the Act and Māori parties, which had also signed confidence and supply agreements after the 2011 election. Key invited all three parties to stay in the tent, if they wanted, but said there wouldn’t be any policy concessions or negotiations. They took the deal. “A bird in the hand is worth two in the...
Consumer spending drives unexpected US growth spurt
October 26, 2023 18:41 - 4 minutes - 4.56 MBKia ora, Welcome to Friday’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 that is impressive out of North America. First up today, the Americans have delivered a stellar Q3-2023 GDP expansion, far higher than the optimistic forecasts, and far higher than the very good Q2-2023 expansion of +2.1%. In Q3, the giant American economy grew +...
Commodity prices ease lower across the board
October 25, 2023 18:38 - 4 minutes - 4.32 MBKia 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. And today we lead with news commodity prices are trending down across the board now - but not money commodity prices. But first in the US, although mortgage applications 'only' fell -1% last week from the prior week (and to be down -22% from a year earlier), the big news was the +20 bps j...
US economy rolls on, China's struggles get Xi's attention
October 24, 2023 18:43 - 4 minutes - 4.11 MBKia 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 economic news is taking a bit of a back seat today but there are still key trends to note. First in the US, the latest PMI reading for the American manufacturing sector has it out of contraction to its best level in six months. This same 'flash' report for October ...
Benchmark rates and commodity prices fall
October 23, 2023 18:40 - 6 minutes - 6.15 MBKia ora, Welcome to Tuesday’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 we are seeing falls in some key commodity prices (like oil and copper), and a sharpish retreat in benchmark interest rates today. That is probably all due to rising risks in the Middle East. But looking ahead, this short week we will be looking at the second est...
Strong US economy could need more rate increases says Powell
October 19, 2023 19:01 - 6 minutes - 6.28 MBKia ora, Welcome to Friday’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 US may not be over more rate hikes yet. First up today, Fed boss Powell has been speaking and trying to pitch a middle path, one that he suggests they have got policy settings about right. But he did concede that the American economy's strength including very...
Dave Christie: What's needed to pull NZ's supply chains out of 'serious, if not critical condition'
October 18, 2023 23:14 - 53 minutes - 49.1 MBNew Zealand's supply chains are in "a serious, if not critical condition," requiring holistic systems thinking and a long-term focus, investment and government support to become stronger and more resilient, says self proclaimed supply chain tragic Dave Christie. Christie, who has worked in supply chain roles for the army, PwC, the Warehouse, Fonterra, Coda Group, Tainui Group Holdings developing the Ruakura Superhub, and Synergic Technologies, spoke to interest.co.nz in the latest episode o...
Trying to not "over-react"
October 18, 2023 18:49 - 5 minutes - 4.92 MBKia 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. And today we lead with news financial markets are struggling to respond to the enhanced geopolitical threats and are doing so by "not over-reacting". In the background, volatility was lower and earnings reports were positive. A speech by Fed boss Powell is due soon. But first up today, th...
US consumers keep splurging
October 17, 2023 18:58 - 5 minutes - 5.13 MBKia 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 bond yields are rising fast today as hot American data fuels bets the US Fed will need to raise rates again. But first, the overnight dairy auction was a reprise of the previous two, up another +4.3% this time. But to be fair it hasn't yet made back all of its...
Wall Street blind to global risks
October 16, 2023 18:38 - 5 minutes - 4.8 MBKia ora, Welcome to Tuesday’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 global financial markets are still assuming the Gaza-Israel flare-up won't affect them. On Wall Street analysts are betting the American economy is actually operating better than they had been assuming. And tech stocks are rising ahead of earnings reports that a...
Behind the headlines, China's slowdown undermines the global economy
October 15, 2023 18:15 - 5 minutes - 5.5 MBKia ora, Welcome to Monday’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 threat of the Chinese economic slowdown hangs over the global economy and now they are staring at imminent deflation. But first we should note, there was a right-shift in the political mood evident in weekend voting in both Australia and New Zealand. There is...
Brisk inflation remains a global threat
October 12, 2023 18:52 - 5 minutes - 4.87 MBKia ora, Welcome to Friday’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 inflation's force is on full display again, and long bond yields are back rising. But first in the US, consumer inflation was steady at 3.7% in September, the same as August, against market expectations of a slight decrease to 3.6%. A smaller decline in energy pr...
Chances of more rate rises recede
October 11, 2023 18:45 - 4 minutes - 3.92 MBKia 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. And today we lead with news that in the shadow of the sudden geopolitical risks in Gaza, economic markers are generally positive. But the chances of more rate rises seem to be receding. US mortgage applications were steady last week, little-changed from the prior week so still -19% lower ...
Plenty of global gloom, but also some bright spots
October 10, 2023 18:42 - 6 minutes - 5.77 MBKia 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 new war in Gaza, and a stumbling Chinese economy are together posing new risks to an already fragile global economy. But there are some bright spots still. Firstly in the US, one-year ahead inflation expectations held steady at 3.7% in September, up fracti...
Markets pretend geopolitical risks won't affect them
October 09, 2023 18:31 - 3 minutes - 3.6 MBKia ora, Welcome to Tuesday’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 investors are ignoring the geopolitical risks. The main talking point today is how little financial and commodity markets have reacted to the sudden Gaza-Israel conflict threats. Yes, bond markets are having a 'flight to safety' with yields falling somewhat, but...
Julie-Anne Genter: Public transport, rent controls, housing & tax
October 09, 2023 01:34 - 36 minutes - 33.4 MBThe Green Party’s finance (and transport) spokesperson Julie Anne Genter has an unlikely ally on a handful of policy issues: Mayor of Auckland Wayne Brown. Both politicians agree New Zealand needs to scale up its public transport, move more freight by rail, implement congestion charging, and build cheaper versions of big Labour projects. The Greens already have three former mayoral candidates (one successful) in winnable spots on their party list — could Wayne Brown make the 2026 list? G...
Safe haven assets back in the spotlight
October 08, 2023 18:18 - 7 minutes - 7.3 MBKia ora, Welcome to Monday’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 sudden Middle-East explosion is likely to put safe-haven assets back in the spotlight this week. But first, China said its giant foreign exchange reserves were little-changed in August. They don't provide transparency of which currencies they hold them in, bu...
Global 'soft landing' more likely
October 05, 2023 18:24 - 5 minutes - 4.64 MBKia ora, Welcome to Friday’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 a global soft landing seems much more likely now, despite China's travails. The actual number of Americans on jobless benefits was just 1.58 mln and an eight month low, and the number of new filings were 173,000 last week and close to a seven month low. None of t...