N.Z. market quiet
s By
The fast and furious action on the Wall Street stock market last week did not spill over onto the New Zealand sharemarket, which continued its sedate way of the past three months. Prices were on balance fullv firm, but trading was quiet, in the absence of any
ADRIAN BROKKING,
dramatic news. New Zealand investors are right not to get too excited over the boom on Wall Street. Technical factors in the U.S. markets—such as falling interest rates-have no direct bearing on New Zealand trading. It would be a different
commercial editor
matter if the optimism on Wall Street meant an end to the world wide economic recession, but the ironical fact is that the U.S. is relaxing money supply, which leads to lower interest rates, precisely because the U.S. economy remains weak.
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Press, 11 October 1982, Page 28
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137N.Z. market quiet Press, 11 October 1982, Page 28
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