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NZ: Dairy prices continued to tread water – ANZ

New Zealand’s dairy prices continued to tread water overnight which suggests Fonterra is unlikely to downgrade its milk price forecast when its annual results are released next Monday, according to analysts at ANZ.

Key Quotes

“WMP performed better than expected, with the first contract (+5%) providing support. Lower NZ supply for August (-1.5% y/y) and a particular buyer perhaps being short, provided support. Milkfat prices continued to outperform, a trend that will continue into November. SMP declined as burdensome Norther Hemisphere supply and an end of European invention weighed on the market.”

Thomson Reuters/INSEAD: Asia firms' sentiment slips on geo-political tensions

According to the latest Thomson Reuters/INSEAD survey, business morale among Asian companies deteriorated for the first time in three quarters in July
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RBA’s Elli: wage growth and inflation to pick up - TDS

RBA Ellis’ speech “The Current Global Expansion” talked about the turning point in the global economy mid last year and RBA’s assumption that this exp
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