MARKET OPEN: Investors continue to focus on the positive

Wed, 17 Jun 2020

The local share market may get a lift after strong retail sales in the US and positive trial results from a covid-19 treatment boosted risk appetite there. Data released by the Commerce Department showed retail sales jumped by a record 17.7 percent in May, higher than the 8 percent tipped by analysts. Trial results showed dexamethasone reduced death rates by about one-third among the most severely ill covid-19 patients, according to Reuters. The Dow Jones Industrial Average was up 2 percent at 8am in Wellington, the Nasdaq had lifted 1.8...

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