Daily Alert: Stocks mark time ahead of key corporate earnings

  • Markets are awaiting corporate earnings data later this week for signs of a post-pandemic bounce.
  • Clouds remain and there is scope for disappointment if these bullish expectations are not met.
  • In local data releases, we have non-resident bond holdings for March (51.7% prior), followed by the GDT auction tonight (signs are pointing up) and tomorrow’s Q1 NZ CPI print.

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