23 November 2021 - Auckland Re-opening | Kiwi Property Group Global markets were lower overnight, as the US market (S&P 500 index, up -0.3%) slipped as President Joe Biden announced he would re-nominate Jerome Powell to lead the Federal Reserve for another 4-years. Treasury yields moved slightly higher, with the 10-year rate up to 1.6%, after the White House announced the Fed decision, which saw banking stocks outperform. This saw the NASDAQ technology index slump -1.3%, as technology shares were hardest hit, as well as utility stocks (both sectors are likely to come under the most pressure if interest rates rise sharply).. European Markets (Stoxx 600 index -0.1%) were flat overnight as travel and leisure stocks slumped on covid induced restrictions that were offset by gains from telecom stocks - which rallied on a flurry of takeover activity. Closer to home, Auckland will be entering the traffic light system on 3rd of December, allowing hospitality,...