Daily Alert: Markets in positive mindset

  • As was widely expected, the US Federal Open Market Committee (FOMC) left its policy interest rates unchanged at around operational lows and maintained the current rate of asset purchases.
  • There was minimal immediate market reaction as yesterday’s release of the NZ Government’s Half-Year Economic & Fiscal Update (HYEFU) confirmed expectations of an improving (albeit still weak) fiscal outlook.
  • The main local focus today is NZ Q3 GDP.


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