Daily Alert: It’s all about the money, money, money

  • A mild ‘risk on’ vibe returned to global financial markets overnight.
  • A ringing endorsement for the massive stimulus plans of US President-elect Biden from Treasury Secretary nominee Janet Yellen provided the key boost to risk appetite.
  • Meanwhile, Kiwis’ 2020 retail spendathon eased up a little in December, according to our seasonally adjusted estimates of StatsNZ data released yesterday.

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