Tyndall Comment June 2009
Equity markets have rallied over recent weeks, despite the mixed performance of economies around the world. In New Zealand, the rally has been significant, accompanied by a strengthening New Zealand dollar. The latter is an unwelcome ingredient for our economy.
In this month's Tyndall Comment, Peter Lynn discusses the New Zealand rally and probability of whether we have seen the bottom of the market yet. He also explains why the NZD rise is not sustainable.
Andrew Hunt presents the return of investment bankers, describing their critical role in the revitalisation of debt markets and warns of the potential pitfalls still ahead. The oft quoted "green shoots" of recovery - are they real or just more economic gyrations?
Andrew, our International Economist based in London, will be in New Zealand in August. Pencil in a date to join us at one of his presentations.
Read the full Tyndall Comment.
Tyndall
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