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Economy today: Preparing for a different sort of future

From stuff.co.nz

{video}The better mood of yesterday has continued through financial markets over the past 24 hours. The Dow Jones index soared by 11.4 per cent on Tuesday night as traders and investors focussed on the huge US$1 trillion fiscal stimulus package working its way through Congress – rather than the spiralling infection numbers in the likes of New York. The better mode fed through to our market with a rise near 3 per cent from Tuesday's 7 per cent rise. But our market still sits near 25 per cent down from its peak and the US market is still off by 30 per cent. The improved sentiment saw the NZD gain another US0.5 cents ... (full story)

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  • Category: Fundamental Analysis