Breakfast briefing: The global expansion momentum wanes

Here's our summary of key economic events overnight that affect New Zealand, with news the realities of the post-pandemic bounce are showing it isn't being sustained on a global basis. This week won't be as busy on the economic data front as last week. It will be mainly Fed-watching in the US, plus PMIs and some key housing sector data there. The Japanese one might reveal a rising expansion, but it is unlikely any of the others will. The Australian 10 year bond yield is now at 4.03% and unchanged.