MARKET OPEN: Investors upbeat despite dire warnings of tough times ahead

Tue, 09 Jun 2020

Investors may continue to shrug off dire warnings from the likes of the the World Bank as the prospect of an economic recovery helped drive Wall Street higher. In New Zealand, investors may continue to snap up stocks that were hard hit by the covid-19 pandemic and subsequent restrictions after domestic measures were eased at midnight. Having reported no new cases of covid-19 for 17 days and no active cases, the country has returned to normal with the exception of the international borders, which remain closed. The S&P/NZX 50 Index added...

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