Global markets were little changed on Friday as investors seemed to shrug off concerns around North Korea. It was a weekend of politics, with the German Election held on Sunday and results are still coming in.
Closer to home, over the weekend the event to watch was the general election in NZ. No government has been formed yet, as the National Party received the majority of votes (10% ahead of its nearest rival the Labour Party) but at 46% of votes cannot govern alone. NZ politics and negotiations will be watched by investors over the next few weeks as a coalition government is formed. This does leave some uncertainty (which markets do not generally respond well to), although we would not expect a large reaction from the weekend’s result either way. As we touched on last week, we do not expect the election result to have a long-lasting impa...
Stock Markets, Simplified.