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Daily Alert: Rollercoaster ride continues

  • The rollercoaster ride in global markets continued overnight, with solid global manufacturing data and hopes of impending economic re-openings bolstering sentiment.
  • The US February ISM manufacturing index surged to 60.8, its highest level in 3 years and equal highest reading since 1987.
  • Locally, NZ merchandise Terms of Trade are expected to recover some of their Q3 decline and remain at historically-high levels.

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