Global markets were generally higher overnight, as Wall Street hovers near record highs buoyed by gains in Resource and Tech Stocks.
There seems to be a sense of complacency in markets at the moment, and volatility remains extremely depressed. Once again, the key event to watch this week will be the US Federal Reserve rate announcement as the Fed begins its 2-day meeting today.
Closer to home, New Zealand's government named pension fund chief Adrian Orr as the new governor of the nation's central bank. Orr served as deputy governor of the RBNZ for four years before joining the New Zealand Super Fund in 2007. Dominick Stephens, chief economist at Westpac, said markets welcomed Orr's appointment, adding that he was unlikely to veer away dramatically from the inflation target.
Stock in Focus: A2 Milk (ATM:NZ / A2M:AX)
As we touch on below, dairy related market darlings A2 Milk and Synlait appear to be consolidating after what has been a stellar ru...
Stock Markets, Simplified.