Are we there yet? Inflation peaks, equities still struggle

Fri, 22 Apr 2022

Many market watchers think New Zealand’s runaway inflation may have peaked in the March quarter but that doesn’t mean the equity market will bounce back any time soon.The first quarter of 2022 has been defined by share prices resetting as central banks were forced to act against rising inflation.NZ’s benchmark equity index plunged almost 10% in January and has been oscillating around the same level ever since.This closely mirrors what happened in US markets and on the S&P/ASX 200, although the latter has since rebounded on...

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