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Daily Alert: Settle in, we might be here a while longer

  • Rising active cases in the community and a ballooning list of locations of interest and close contacts to trace are ominous signs that stringent lockdowns will be extended.
  • The NZ sharemarket was down 0.1% on Friday, but rose 1.4% over the week, in contrast with global shares that rose Friday but eased over the week.
  • We expect another strong quarter for retail sales when Q2 data are released on Tuesday, continuing the theme of the NZ consumer driving the domestic expansion.

 

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