There's 'almost no incentive for individuals to have money locked up until they're 65' in NZ, KiwiSaver provider says

Activity slumped in the services sector again last month, echoing a drop in the manufacturing sector and suggesting the anticipated pick-up in economic activity is struggling to get started

Farmer confidence in the broader agri economy now at its second highest level in a decade, on higher prices and rising demand. Dairy farmers have the strongest investment intent and horticulturalists the weakest

US inflation expectations stay high as sentiment turns lower; US & China talking in Madrid; China loan demand soft; France downgraded; copper resource plentiful; UST 10yr at 4.06%; gold dips, oil stable; NZ$1 = 59.6 USc; TWI-5 = 66.7