Are you reading about the economy and its performance, or lack of, with the alarm I am?
More and more economists are now predicting a double dip recession.
It was a tremendous week of market volatility for every asset class on Wall Street. It is still all about inflation and what will be the reaction from central banks.
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Jarden Brief: Alibaba stock hit by Jack Ma s disappearance
19 Jan, 2021 07:11 PM
6 minutes to read
The disappearance of Jack Ma has spooked investors. Photo / Getty Images
NZ Herald
New Zealand
The S&P NZ50 finished the day up 0.3 per cent.
The best performing sector on the day was consumer staples, which increased by 2.0 per cent. The next best performing sector was real estate, which rose 1.2 per cent. The worst performing sector on the day was utilities, down 1.4 per cent, followed by information technology, falling 0.7 per cent.
The best performing company on the day was corporate travel company Serko, which jumped 3.4 percent, with outdoor wear retailer Kathmandu Holdings (+3.1 per cent), not far behind. The move is unsurprising, considering the recent rotation into retail exposed stocks. Investors may be anticipating that, similarly to other retailers who have reported positive updates, Kathmandu has also benefitted from a release of consumer savings accumulated in re