MARKET OPEN: NZ investors to take lead from positive European trading

Tue, 08 Sep 2020

The domestic market will take a lead from positive trading in Europe overnight given a holiday in the US, but investors will also be keeping one eye on US-China tensions. European equity markets rallied ahead of “an expected dovish European Central Bank meeting later this week,” ANZ Bank said. Germany’s DAX added 2 percent. Policy settings are expected to remain unchanged, but economists are tipping the ECB to publish lower inflation forecasts. On the China front, meanwhile, US President Donald Trump again raised the idea of “decouplin...

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