IMF forecasts may curb investor appetite although China outlook tad brighter

Tue, 21 Jan 2020

The New Zealand dollar may dip below 66 US cents and local equity markets will likely trade sideways today as investors digest the International Monetary Fund’s latest economic forecasts.The IMF trimmed its global growth forecasts for 2020 and 2021 due largely to a sharper-than-expected slowdown in emerging markets like India. That may weigh on investor sentiment when Asian markets open, with little direction from New York and London trading as US markets were closed for the Martin Luther King Jr holiday and European equity markets drifted slig...

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