Quote: ‘When you’re offered a position on a board, you sort of grab it.’ Derek Bonham (1943-2007) The News: New Zealand House Sales –13% in April, lowest level in 16 years. The Numbers: British Summer Time, with expectations and previous figures in brackets. 00:50 JP April M2 Money Supply +1.9% Y/Y, Broad Liquidity Y/Y +2.8%, versus revised +2.3% and +3.3% March. 00:50 JP April Bank Lending including Trusts versus +1.1% March. 05:30 JP April Bankruptcies 8.3% Y/Y versus 8.0% March. 05:30 JP

Filed under: Technical