Here's our summary of key economic events overnight that affect New Zealand, with news investors are upbeat, positioning that the economic threats will mostly be diffused. But both the number of companies reporting positive earnings surprises and the magnitude of these earnings surprises are above their 10-year averages. The growth in this has been restrained for some time with a modest increase of +US$7 bln in May reported. The UST 10yr yield will start today at 4.08% and up +4 bps from yesterday. The bitcoin price is slightly lower today since this time yesterday and now at US$28,917 which is down -0.5%.
