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Economic and Market Summary - 30 April 2016

 

  • Global equity markets continued to climb higher over April which saw global equities all but recover the losses experienced at the start of the year.

  • April marked the first month this year that emerging market equities underperformed their developed market counterparts.

  • The New Zealand share market was again a strong performer and New Zealand shares continue to be in strong demand by offshore investors.

  • Global bonds ended marginally higher over April led by a strong rally in corporate bonds, while New Zealand bonds also delivered a positive return.

  • The New Zealand dollar was down over the month until the RBNZ left rates unchanged and disappointed the market by not emphasising its easing bias more.

 

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