Stagflation fears loom large; dairy price rise; US sentiment drops; China focuses on next 5-year plan; EU inflation up; Australia current account deficit widens; UST 10yr at 4.06%; gold drops while oil jumps; NZ$1 = 58.8 USc; TWI-5 = 62.5

Oil, LNG and KiwiSaver: What the US–Iran conflict could mean for New Zealand’s economy, and what the Government is watching

Labour awaiting response from Trade Minister Todd McClay about India FTA concerns

After initial caution, investors are take pessimistic view of the Mid-East conflict seeing less chance of a quick resolution. Global equities tumble; US Treasury yields a little higher while European rates are much higher on inflation concerns