New Zealand Morning Focus

Global equity markets dropped as bond yields hit multi-decade highs amid persistent inflation fears. Meanwhile, UK and Canadian data suggest central banks there may pause tightening cycles as labor and price pressures ease.

Key Takeaways

• 1.Global bond yields are surging, with the US 30-year yield reaching levels not seen since 2007, driven by inflation concerns.
• 2.Softer inflation data in Canada and rising unemployment in the UK suggest central banks (BoC and BoE) will likely remain on hold.
• 3.Geopolitical tensions in the Strait of Hormuz are impacting oil prices, with NATO reportedly discussing deployment.

Table of Contents

• Highlights
• Data and events today
• Financial markets
• Global markets overview
• Key data and events
• Key themes and views
• Market snapshot (07:15 NZ Time)
• Key data releases
• What's ahead today
• Important Notice

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