The below report consists of a market overview and insight into the equities, futures and derivatives markets, and FX speculative and deliverable markets.
HEADLINES
*Conflicting reports over Trump – Xi meeting & what’s being demanded
-the list appears long & bottom line, if half is right, expect no agreement
-at best, we may get a truce re further tariffs but wouldn’t be adding risk !!
*Kiwi rebound continues, importers should add some cover & look at crosses
-resistance 6700/20
*NZ data yesterday showed NO recovery in confidence & activity
-despite no CGT & a rate cut (-ve European rates haven’t…
