Scoop has an Ethical Paywall
Work smarter with a Pro licence Learn More

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

Advertisement - scroll to continue reading

Are you getting our free newsletter?

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.

© Scoop Media

Advertisement - scroll to continue reading
 
 
 
Business Headlines | Sci-Tech Headlines

 
GenPro: General Practices Begin Issuing Clause 14 Notices

GenPro has been copied into a rising number of Clause 14 notices issued since the NZNO lodged its Primary Practice Pay Equity Claim against General Practice employers in December 2023.More

SPADA: Screen Industry Unites For Streaming Platform Regulation & Intellectual Property Protections

In an unprecedented international collaboration, representatives of screen producing organisations from around the world have released a joint statement.More

 
 
 
 
 
 
 
 
 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.