MARKET OPEN: Investors likely cheered by move to alert level 1, positive Wall Street

Tue, 02 Jun 2020

The domestic market may gain on news that New Zealand could normalise nearly all activity sooner than expected and after Wall Street ticked up with US investors shrugging off domestic unrest and focusing instead on the economic recovery. Prime Minister Jacinda Ardern signaled New Zealand could shift to alert level 1 as early as June 10. Alert level 1 is effectively life as usual with the borders still closed. Ardern had previously said the country would move no later than June 22. The comments came as New Zealand has registered no new c...

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