NZ dollar gains, stocks likely to cheer National's outright victory

Sun, 21 Sep 2014

Sept. 22 (BusinessDesk) - The New Zealand dollar rose and local stocks may follow after the National Party won an outright election victory, removing the risk of minor parties forcing through policies unpopular with financial markets. National could govern alone based on the upon the election night result of 61 seats in a 121-seat parliament. Assuming that holds once the final count is complete, John Key is likely to form a National-led coalition including two Maori seats and one each from Act New Zealand and United Future in his third term,...

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