It is great to see that the NZX appears to be breaking its run of losses. The market is up 0.9% on yesterday's close. The NZ market had been a bit over priced before Christmas. The recent run of falls have corrected that. There are now some good buys starting to emerge. Some investors clearly agree.
But there is a cost to the US interest rate cut, and as we feared this moring exporters will pay that price. This report from the NZ Herald.
