MARKET OPEN: Fears of second covid wave keep investors nervous

Mon, 22 Jun 2020

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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