Global markets shrug off COVID-19 concerns, with cases rising in NZ

  • Risks are increasingly tilted to Alert Level 4 restrictions (at least in Auckland) being extended well into September.  
  • Markets have shrugged off pandemic concerns, with improving risk appetite evident on thin volumes traded ahead of the key FOMC Jackson Hole meeting at the end of this week. 
  • Global equities hovered around record highs.


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