Markets Market open

Dire Wall St to weigh on local market

Rebecca Howard
Tue, 27 Oct 2020

Rebecca Howard
Tue, 27 Oct 2020
Exporters like Fisher & Paykel Healthcare and A2 Milk and companies with US exposure such as Pushpay Holdings will be in for a rocky start as global investors turn defensive on rising covid-19 cases and fading US stimulus hopes. “It has been ‘risk off’ start to the week with investors focusing on the resurgence in covid-19 in Europe and fiscal stimulus talks stalling,” said BNZ interest rates strategist Nick Smyth. The chances of a pre-election stimulus deal faded as US Treasury Secretary Steve Mnuchin said...

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