It probably increases the risk premium on New Zealand for a few days.
New Zealand is ahead in the global cycle. The U.K., Australia and Canada are all in boats behind New Zealand, so they may follow the same pattern.
The New Zealand market perhaps has been through its best years for a wee while. There probably is a bit of negative expectation yet to be built into analyst forecasts of profits.
To call it one way or the other would be very difficult.
This website focuses on proverbs in the Swedish, Danish and Norwegian languages, and some parts including the links below have not been translated to English. They are mainly FAQs, various information and webpages for improving the collection.
This website focuses on proverbs in the Swedish, Danish and Norwegian languages, and some parts including the links below have not been translated to English. They are mainly FAQs, various information and webpages for improving the collection.