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Here is a summary of key economic events that hit New Zealand. China is struggling to adjust to its slowdown.
In China, prices b Iron table It rebounded on Friday, reversing recent trends. And Coal Prices remain high. Aluminum prices In ten years they have reached the peak of their potential.
And profit growth of Chinese industrial companies Slow For the fifth straight month in July, add signs that post-epidemic recovery in the world’s second-largest economy is slowing down.
But it is difficult to know exactly what is going on in China. Beijing is going to Take action on any media, Formal or social, they think their economic performance is bad. Beijing is not disturbed by reports of power outages among economic drivers there. Only Rahra, who is currently reporting from China. And there This.
And they believe they have Chinese policymakers Land use problem. It worries them Loss of farmland. Of course, some are going to the city, but more to the forest and gardening.
In the United States, the president of the federation, Paul, has given the much-anticipated Jackson Hall Speech But over the weekend, he repeated many of what he had said after the Fed’s review. He reaffirmed the Central Bank’s plan to start cutting this year with simple currency policies, and explained in detail why he expects inflation to be temporary.
Recording now FDRE account balance At least $ 8.5 billion, or about 37% of GDP. (Visually, the RBNZ balance is about 26% of NZ GDP. Less than 30% in Australia.)
Foul’s Relative Complaint The US dollar slide, gold rush, and benchmark bond yields have reversed.
Meanwhile, Biden’s administrationOMB) Is more hawkish, raising inflation forecast in Q4-2021 to + 4.8%. Similarly, growth forecast increased to + 7.1%. As a result of this rapid growth, GDP is expected to be less than 1% of gross domestic product (GDP) as a budget deficit. (Last year it was -3.9%.)
It is in Australia It is becoming clear The country may be on the verge of collapse. Q3 economic activity is probably declining as it was in Q2, so that meets the technical significance of the decline. Australia has been united for 28 years, and now has had it twice in the last two years.
The neglect of economic activity in Australia is mainly related The amount of work lost. This new life b Business And Right-wing media CVD-denials Despite public health risks, push back.
There were others 1018 New Community Issues in NSW They were not assigned to another popular collection yesterday with 1057, so they remain out of control. They now have 15,712 cases pending in their area. She is Victoria Reporting There are 92 other new issues today, so they are locked up because it is difficult there Stretched. Queensland is now Reporting A new issue. ACT has 13 new issues. Overall, more than 34% of eligible Aussies in Australia have been fully vaccinated, and 24% have now been vaccinated.
In the United States, Revenue season Has achieved results, based on the values of equity.
UST 10yr production opens at 1.31% today. The US 2-10 rate curve is now at +109 bps. Their 1-5 curve is still at +73 bps, and their 3m-10 year curve is still at +127 bps. The Australian government’s ten-year target is 1.18% today and is relatively soft. The Chinese government’s ten-year bond is 2.91% and unchanged. And the New Zealand government for ten years now is 1.72% and has not changed since Saturday.
The price of gold Last week it was a strong + US $ 25 / ounce, and now the highest in a month and an increase of + 2.1% in a week at $ 1817.
Fuel prices have dropped by -50 USC, so in the United States it is currently only 68.50 / bbl, while international Brent is only $ 71.50 / bbl.
The kiwi dollar opens at 70.1 USc a week. On the Australian dollar, we are still at 95.9 AUc. At Euros we start at 59.4 Euros. That means our TWI-5 starts today at 73.2 and is still in the range of 77-74 in the last ten months.
The price of bitcoin has risen 0.8% since Saturday – to US $ 48,743. Over the last 24 hours, the volatility was only +/- 1.9%.
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