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Daily Alert: Global shares ease on Friday, NZ sharemarket bucked the downtrend

  • US and European sharemarkets closed lower on Friday, but the local sharemarket lifted 1.2%.
  • The People’s Bank of China injected a net 90 billion yuan of short-term cash (the most since February) into the financial system to improve liquidity conditions.
  • The Bank of Japan meet Wednesday, the FOMC Thursday morning NZT, and Bank of England on Thursday night. We expect them to maintain the status quo.  The most attention will be on the US FOMC.

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