News

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.

The Australian cabinet has approved a comprehensive set of health protocols to enable a safe reopening of their economy with most businesses expected to be up and running by July 2020, with an aim to lift restrictions in three steps.

With the number new covid-19 remaining low (both in New Zealand and Australia) there are talks of a potential trans-tasman bubble, allowing the two economies to open up to each other sooner than anticipated.

Global markets fell on Friday, with the S&P 500 down -2.8% as Amazon declined -7.6%, giving back some of its amazing gains after announcing its quarterly result.