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Daily Alert: Back the truck up

  • There’s been a classic flip-flop overnight; the recent trends for weaker stocks, higher yields, and a stronger USD were all thrown into reverse.
  • The main ‘news’ in yesterday’s March preliminary ANZ business confidence survey was the ongoing march higher in inflation indicators.
  • Locally, we’re expecting another small fall (1.5% mom) in NZ retail card spending figures (10:45am), this time for February.

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