Jan 21, 2008

Another Day Of Losses On the NZX?

We think that things may start stabilising this week (the trend will continue to be down but not so consistently down) but the NZX will be influenced heavily by international markets again this week. The only domestic shock would be the Reserve Bank decision Thursday on the OCR. We don't see any change there this time around. Whatever happens today on the exchange should be treated with caution as Wellington is closed for a holiday.