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Record surge in COVID-19 infections deeply impacts business sentiments: Survey
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just-food s 2012 Confidence Survey Archives
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5/28/2021 3:26:19 PM GMT
US inflation continues heating up, but the Fed will stay on hold.
Economic progress at both shores of the Atlantic spurs optimism.
EUR/USD is under strong selling pressure and poised to extend its slump.
The EUR/USD pair surged to 1.2266 this week, its highest since January, but trimmed gains ahead of the close, to end it in the red around 1.2180. A scarce macroeconomic calendar and the absence of explosive news maintained major pairs within limited ranges.
Financial markets rotated around US inflation expectations and their possible effects on the current monetary policy. However, Federal Reserve officials succeeded in cooling hopes for a soon-to-come tightening, leaving speculative interest without its main motto. On the other hand, the little American data published these days showed that the economic recovery is underway. Weekly unemployment claims fell to 406,000, its lowest reading since March 2020, while the Q1 Gross Domestic Product was confirmed
Both Reserve Bank and Treasury expect house-price rises to slow considerably later this year.
While both the Reserve Bank and Treasury expect house-price growth to slow rapidly in the second half of this year, the latest ASB Housing Confidence Survey shows people’s house price
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Changes to the Government s housing policy are yet to curb house price expectations
Changes to the Government s housing policy are yet to curb house price expectations 28 May 2021
The latest ASB Housing Confidence Survey shows 64 percent of respondents expect house prices to continue to climb in the coming 12 months, down from last quarter s 73 percent.
The Government announced a suite of new policies, aimed at cooling off property investors and helping first-home buyers in March.
ASB senior economist Mike Jones says housing views remain steady.
He says it s still the third highest result in the survey s 25-year history.
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