Harbour Outlook: So much for the Christmas rally
December saw mixed market movements influenced by currency shifts, central bank actions, and economic trends, shaping the investment outlook for the months ahead.
By Hamish Pepper
Key market movements
- The MSCI All Country World Index (ACWI) increased 3.1% last month, in New Zealand dollar-unhedged terms. The gain, however, was entirely due to a sharp drop in the NZD with the index falling 1.7% in NZD-hedged terms in December – so much for the Christmas rally!
- Locally, the New Zealand equity market eked...MORE»
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