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.