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Daily Alert: Biden widens the spending floodgates

  • The combination of strong US data, the dovish Fed assessment, the prospect of further policy stimulus and upbeat corporate earnings underpinned broadly positive market sentiment.
  • Yesterday, the full April ANZ NZ business confidence report showed a generalised strengthening in own activity, employment, and investment intentions.
  • Today, ANZ NZ consumer confidence at 10am is expected to remain subpar, with downbeat expectations on the near-term economic outlook and potential easing of house price expectations.

 

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