Here's what influenced the markets last month:

Bonds:

• US 10-year treasury yields fall below 1.6% as economists predict first-quarter Chinese GDP will be at least 1% lower. 
• NZ government bond index up 2% for the month which has helped offset global equity market declines.

Australasian equities:

• Australian ASX300 market outperforms the NZX 50 by over 2% for the month but still about 7% behind for the last year. 
• Best January for Australian shares in nearly a decade.
• Local tourism stocks suffer as Coronavirus impacts travel out of China

International shares:

• Coronavirus dents equity market confidence as fear of the unknown kicks in.
• US markets retrace from record highs and are only marginally lower for the month.
• US embassy in Baghdad bombed by pro-Iranian militia and the US retaliates immediately with a drone strike. 
• Europe loses a few pounds as the UK finally implements Brexit plans.

NZD:

• NZD down over 4% against the US dollar and Yen in January.
• AUD weaker as bushfires continue to blaze.

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