Harbour Outlook: An inflection point to come for earnings?

Key market movements

• Global equities were marginally positive in unhedged New Zealand dollar terms in February, with the MSCI All Country World Index (ACWI) increasing 0.3%. With the NZD losing previously made ground, returns in hedged terms were -0.8% for the month.
• Locally, the New Zealand equity market continued to weaken with the S&P/NZX 50 Gros...
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