MARKET OPEN: Covid recovery hangs over market

Wed, 15 Jul 2020

Investors will be keenly watching a major speech from Prime Minister Jacinda Ardern today on the next steps in New Zealand’s response to the covid-19 pandemic and subsequent recovery. Investor sentiment has been waxing and waning on how big an impact the pandemic will have on the global economy, rallying on positive drug trials one day, only to reverse those gains the next on fears that renewed lockdowns will stifle growth. NZ has been one of the international stand-outs in stamping out the virus, and currently has it contained in isolati...

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