MARKET OPEN: Local investors braced for big data day

Thu, 16 Jul 2020

A slew of economic figures spanning the Asia Pacific region will occupy investors today, following an upbeat lead from Wall Street. New Zealand’s consumers price index is expected to have shrunk 0.5 percent in the June quarter, slowing the annual pace of inflation to 1.4 percent from the 2.5 percent pace it was running at before the nation was locked down in response to the covid-19 pandemic. The data will be noisy because of the covid impact and ANZ Bank New Zealand economist Liz Kendall and rates strategist Jack Chambers both expect the...

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