Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Plain Sailing, Italian Shoal Ahead

Plain Sailing, Italian Shoal Ahead

Equities have had a tailwind for the past few months. Both NZ and global shares have risen around 6% since the beginning of November. For New Zealand, this continues a stellar run – rising 28% over the past year. Investors in the post-GFC world have been trained to be suspicious of rallies. Over the past few years, a run like this could quickly evaporate on the next “crisis” – be it Greece, Italy, Spain or US Politics. We still see this sort of event risk as relevant in 2013, more on this below. But otherwise we remain pleased with what we have seen in recent months. In particular, economic news flow has been encouraging. At the headline level, the Goldman Sachs Global Leading Indicator, a catch-all of economic news from around the world, has been rising and is now modestly positive. That alone explains a good deal of the rebound in equities versus bonds, as the chart below illustrates.

Click here to read: 201302_Investment_News.pdf

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Water: Farming Leaders Pledge To Help Make Rivers Swimmable

In a first for the country, farming leaders have pledged to work together to help make New Zealand’s rivers swimmable for future generations. More>>

ALSO:

Unintended Consequences: Liquor Change For Grocery Stores On Tobacco Tax

Changes in the law made to enable grocery stores to continue holding liquor licences to sell alcohol despite increases in tobacco taxes will take effect on 15 September 2017. More>>

Back Again: Government Approves TPP11 Mandate

Trade Minister Todd McClay says New Zealand will be pushing for the minimal number of changes possible to the original TPP agreement, something that the remaining TPP11 countries have agreed on. More>>

ALSO:

By May 2018: Wider, Earlier Microbead Ban

The sale and manufacture of wash-off products containing plastic microbeads will be banned in New Zealand earlier than previously expected, Associate Environment Minister Scott Simpson announced today. More>>

ALSO:

Snail-ier Mail: NZ Post To Ditch FastPost

New Zealand Post customers will see a change to how they can send priority mail from 1 January 2018. The FastPost service will no longer be available from this date. More>>

ALSO:

Property Institute: English Backs Of Debt To Income Plan

Property Institute of New Zealand Chief Executive Ashley Church is applauding today’s decision, by Prime Minister Bill English, to take Debt-to-income ratios off the table as a tool available to the Reserve Bank. More>>

ALSO: