News Snapshot:
US economic data very weak; US housing stress rises; China factory PMIs expanding faster; Aussie housing risks rise; markets ignore risks; UST 10yr yield at 0.65%; oil soft and gold at eight year high; NZ$1 = 64.5 USc; TWI-5 = 69.4 1st Jul 20, 7:18am by David Chaston Here's our summary of key economic events overnight that affect New Zealand, with news markets continue to turn a blind eye to the threat to earnings from the pandemic. The factory PMI in the Chicago industrial heartland is still deeply negative, rising slightly in June after falling to a 38-year low in...
