MARKET OPEN: Economic recovery hopes trump US-China trade tensions

Thu, 28 May 2020

A positive night on Wall Street may once again cheer domestic investors as optimism about an economic recovery from covid-19 continues to outweigh any US-China jitters for now. The Dow Jones Industrial Average was up 2.1 percent at 8am in Wellington while the S&P500 was up 1.4 percent and the Nasdaq was up 0.8 percent. The easing of lockdowns, optimism about an eventual covid-19 vaccine and massive US stimulus continue to power the rally. Kiwi investors may also be cheered by news that a trans-Tasman bubble could be in place by the Jul...

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