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Daily Alert: US shares drift near record highs ahead of earnings and FOMC

  • US sharemarkets advanced on Friday after the release of strong economic data.
  • Locally, New Zealand’s March milk production lifted 9.8% on the same month a year ago on a tonnage basis.
  • We expect NZ recorded a $NZ304mn monthly trade deficit in March and the result means NZ’s annual trade surplus will continue narrowing to $NZ1.3bn after reaching record highs late last year.

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