Breakfast Briefing: Global Economic Update
Wall Street has bounced back, while gold has hit a new all-time high.
Key Economic Events
- China's exports have soared by 8.3% in September from a year ago, reaching $329 billion, the highest in seven months.
- US exports have shrunk, despite this, China's exports to the US have slumped by 27%.
- India's inflation has fallen below target.
- The Nobel Prize in economics has highlighted the long-term benefits of creative destruction.
The US 10-year treasury yield is at 4.07%, while gold has leaped again and oil remains little-changed.
The New Zealand dollar is currently at 57.4 US cents, with the TWI-5 at 61.9.
News that Trump and Vance are attempting to roll-back their aggression has cheered Wall Street, but others are watching the risks mount, driving up precious metals prices.
Author's summary: Global markets react to economic shifts.
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