Harbour Outlook: Trumps Liberation Day Tariffs Reshape Global Markets
April was dominated by President Trump's unexpected "Liberation Day" tariffs, which initially imposed 10% duties on most trading partners including Australia and New Zealand, with substantially higher tariffs of 125-145% on China.
Key market movements
Global equities were again lower in unhedged New Zealand dollar terms in April, with the MSCI All Country World Index (ACWI) declining 3.7%. With the NZD strengthening against the USD, returns in hedged terms were -0.4% for the month.
Locally, the New Zealand equity market continued its poor start to the year with the S&P/NZX 50 Gross Index...MORE»
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New Zealand Equity Monthly October 2024
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Trade Walls, Profit Falls: NZX 50’s Tariff Exposure UnpackedSaturday, May 17th, 6:00AM
The Trump administration’s tariff strategy is a hot topic in the investment world. At Mint, we’ve had our fair of discussions. To help you make sense of the nonsense, in this article, I provide a framework of tariff exposure for every NZX50 company. MORE» |
Calming influencesWednesday, May 14th, 7:36AM
April was another volatile month for financial markets, but one that in the end produced a relatively benign outcome for investors. Trade developments were front and centre, with the angst around “Liberation Day” replaced by relief as Donald Trump announced a 90-day pause for trading partners to negotiate trade deals. MORE» |
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Buffett announces his retirement; A Kiwi's view from OmahaTuesday, May 6th, 4:55PM
The Woodstock of Investing: Lessons from Warren Buffett’s final Berkshire Hathaway annual meeting. MORE» |
Sky TV's Rights Negotiation goes into Extra TimeMonday, April 28th, 12:19PM
Price increases are never welcome but sometimes, on rare occasions, we can soften that blow by offsetting ourselves in the market. For instance, accepting a 12-14% insurance premium increase from your insurer Tower is a lot easier to digest when your Tower shares return over 120% in the same year. For the good of the shareholders, you start to say… MORE» |
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