Daily Alert: NZ comes out of the latest lockdown, while Italy heads back in

  • Global investor sentiment was supported by US President Joe Biden’s signing of the two trillion-dollar stimulus package on Friday.
  • The NZSX 50 rose 1.3% on Friday, while NZ 10-year Government bond yields ended the week down 20 basis points at 1.73%, and down 14 points at 1.05% for the 5-year bond.
  • Meanwhile, we expect data on Thursday to show Q4 NZ GDP contracted by 0.1%, with the quarter’s GDP just 0.1% above year-ago and pre-pandemic levels.

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