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Daily Alert: Delta variant concerns linger

  • Markets traded in a listless fashion overnight, awaiting key corporate earnings data and forthcoming US inflation data for direction.
  • Oil prices were weighed by the stronger USD and concerns over the impact of the delta variant on demand.
  • REINZ NZ housing market data for June (9am) should depict a tight domestic housing market, and upside pressures on prices notwithstanding recent government and RBNZ measures to slow the market.

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