NZX to ride Wall Street's coat-tails

Fri, 06 Nov 2020

The local market will ride the coat-tails of a Wall Street rally as investors cheer the prospect of a Republican Senate, while one eye will be on Chorus and Spark as the telcos host annual meetings today.Democratic presidential candidate Joe Biden currently holds the lead over Donald Trump but the prospect of a divided government has cheered investors.“US equities continue their strong post-election rally, based on the view that the Democrats won’t have the ability to push through with higher taxes or new regulations, particularly t...

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