Scoop has an Ethical Paywall
It is Not all Doom and Gloom in the Markets
Media Release
3rd April 2009
It is Not all
Doom and Gloom in the Markets
While negative economic data continues to dominate the news CMC Markets New Zealand has seen some positive trends in the markets in recent weeks.
Sargon Elias general manager, CMC Markets New Zealand says that even before the $1.1 Trillion announcement from the G20 there were indications that the markets were feeling more positive.
“The G20 announcement certainly has helped push markets up but we had been witnessing a steady climb in markets before that.
We attribute this to a number of factors including more details on the financial package from the US Treasury Secretary, changes to accounting reporting rules for banks and encouraging performance from some banks. They have combined to create a more positive mood and our trading patterns are reflecting this.”
Ends
Bill Bennett: Download Weekly - How would NZ telecoms cope with another cyclone
NZ On Air: Firm Audience Favourites Lead NZ On Air Non-Fiction Funding
Insurance and Financial Services Ombudsman: Woman Gets $40k More After Disputing Insurer’s Decision
BNZ: A Quarter Of Older NZers Fear Going Online Due To Scam Concerns
University of Auckland: Scientists Develop Tool To Monitor Coastal Erosion In Fine Detail
Oji Fibre Solutions: OjiFS Proposes To Discontinue Paper Production At Kinleith Mill
