News

We remain cautious on markets generally, but believe Australia & NZ are better placed to outperform than most major markets.

The big news was the New Zealand government revealing a budget with a $50 billion covid-19 recovery fund to soften, but not prevent, the coming recession.  

The big news yesterday was the New Zealand government revealing a budget with a $50 billion covid-19 recovery fund to soften, but not prevent, the coming recession.   Construction ($5bn on housing) and infrastructure (another $3bn for projects) are the se

The RBNZ left the OCR unchanged at 0.25% and said they will likely remain at that level until early 2021. Further stimulus is not being ruled out including lowering the OCR further and potentially into negative territory.

Global markets were mixed overnight as the US market (S&P 500) dropped -2%, following a warning from a top US infectious disease expert.

Investors are weighing up a new spikes in covid-19 cases in some regions such as South Korea, China, and Germany, creating the risk of a second wave of infections. Expectations around a weak economy and rise unemployment have for now been out-weighed by o

There is a growing divide between the roaring market and weak  economy. We believe the key risk is a second wave of infections.

Global markets were higher overnight as an upbeat outlook from PayPal and a surprise rise in Chinese exports raised hopes of a faster economic recovery from what is expected to be a deep coronavirus-led global recession.

Pushpay shares have surged to new record highs and are up +38% in 2 days. This is very pleasing as we reiterated our buy rating on PPH as a top pick during the covid-19 recovery on the 3rd of April.