Investments

Harbour commentary: Europe: A Step Back from the Brink

Tuesday 10th of July 2012

Key points

  • Europe took a step back from the brink, with a market-friendly Greek election result, a rescue package for the Spanish banking sector, and an EU Summit that exceeded market expectations.
  • Closer to home, stronger than expected NZ Q1 GDP was a welcome surprise, supporting our view that the NZ economy has reasonable momentum.

  • However, global fixed...
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