MARKET OPEN: Investor unease may weigh on local market

Fri, 19 Jun 2020

New Zealand’s stock market may be in for a soft end to the week as investor unease weighed on US and European equities, and local data showed the economy to be in a worse state than most analysts had predicted. Wall Street was generally weaker as new US jobless claims overshadowed stronger manufacturing data, with investors sensitive to the ongoing spread of covid-19 in China and some large American states. That negative sentiment was also felt in foreign exchange markets as traders exited currencies linked to commodities and emerging mar...

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