New Zealand Morning Focus

ANZ's morning report highlights stronger-than-expected US labor demand and Euro area inflation, alongside a modest rise in equity markets and falling dairy prices.

Key Takeaways

• 1.US JOLTS job openings rose to 7.618m, significantly beating consensus, though underlying hiring fell sharply.
• 2.Euro area inflation rose to 3.2% y/y, reinforcing expectations for a 25bp ECB interest rate hike in June.
• 3.Global Dairy Trade prices fell 0.6%, driven by weakness in milk powders despite stronger milk fat prices.

Table of Contents

• Highlights
• Data and events today
• Financial markets
• Global markets overview
• Key data and events
• Dairy
• Key themes and views
• Important Notice

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