Daily Alert: Sharemarkets end April on a soft note

  • Sharemarkets ended April by paring back on the month’s rally, with the major markets around the world down 0.5%-1% on Friday.
  • New Zealand’s ANZ consumer confidence index showed consumer sentiment surged back to pre-pandemic levels in April to lie only a fraction below the historical average.
  • In NZ, employment data are due on Wednesday; we are expecting the unemployment rate to edge down to 4.8% over the March quarter (from 4.9% in Q4) on the back of flat employment growth.

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