2/10/23 - Inflation – Nike – Consumer confidence

Devon Head of Retail Greg Smith talks to ZB’s Mike Hosking about the better-than-expected inflation numbers from the US and Europe, and whether these may tick a few boxes for central banks looking to wrap up rate tightening programs. He also discusses the take-aways from Nike’s results beat and particularly as it relates to China. Closer to home he looks at a consumer confidence read, which nudged higher in September, but only just, and with kiwi consumers very cautious still near term. For more market insights and our terms and conditions, visit www.devonfunds.co.nz