Global equities resumed their upward trend over April, with emerging markets leading the way and China the standout performer. In contrast, the New Zealand share market finished the month in negative territory, ending down 0.7%. Global bond yields ended the month of April higher, with Australian rates rising the most over the month. New Zealand Government bond yields followed global rates higher over the month. The New Zealand dollar closed the month slightly lower on a trade weighted basis, with the Reserve Bank of New Zealand (RBNZ) helping to push the New Zealand dollar lower by moving to an easing bias.
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