NZ 2014 election weighs on equity market, may weaken business confidence, currency, First NZ says

Mon, 23 Dec 2013

By Tina Morrison Dec. 24 (BusinessDesk) – The general election in New Zealand next year is starting to weigh on the nation’s equity market and is also likely to weaken business confidence and the exchange rate, brokerage First NZ Capital said. The election, to be held between September and November 2014, is expected to be an extremely close result between a National-led government and a Labour/Green coalition, First NZ said in a note, citing recent political poll results. “The potential formation of a Labour/Green coalition government is lik...

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