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Daily Alert: A new era, with massive challenges ahead

  • Markets remained fixated on the US, as Joe Biden was sworn in as the 46th US President, and at 78 he’s the oldest incoming US president in history.
  • Markets were cheered by the smooth transition of power with the major US equity indices up, and the S&P500 and Nasdaq hitting record highs.
  • Meanwhile, NZ net immigration and tourism arrivals data for November is expected to be weak given the border restrictions, which will have a key bearing on population and economic growth.

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