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.
