Coronavirus dents equity market confidence as fear of the unknown kicks in
Here's what influenced the markets last month:
- 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.
- 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
- 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 down over 4% against the US dollar and Yen in January.
- AUD weaker as bushfires continue to blaze.
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