MARKET OPEN: Fears of second covid wave keep investors nervous

MARKET OPEN: Fears of second covid wave keep investors nervous
Paul McBeth
The New Zealand financial markets start the week on the back foot as heightened fears over another wave of covid-19 cases keeps investors on edge. Case numbers in some US states are accelerating exponentially and while US Vice President Mike Pence pushed back on the prospect of a second wave, Minneapolis Federal Reserve president Neel Kashkari has built in another outbreak into his base case scenario. Apple’s plans to re-close 11 stores in four states with high covid incidence also weighed on investor sentiment, with Wall Street ending weake...

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