fbpx

Collinson’s remains operational as normal during NZ Level 4 Lockdown. Please contact your dealers via Phone, email, text or via our app

Daily Market Commentary 30th June 2021

Share This Post

Share on facebook
Share on linkedin
Share on twitter
Share on email

US equities were mixed overnight, spluttering close to record highs and perhaps looking overbought. The US S&P Case Shiller Home Price Index, confirmed higher prices, as asset classes suffer massive bubbles and inflation hits overdrive. US Consumer Confidence was marginally higher but inflation and employment remain key indicators. The EUR slipped below 1.1900, while the GBP fell back to 1.3840, despite stronger House Price data.

Asset bubbles only confirm the massive inflation problem coming down the turn-pike. Commodity currencies suffered a rebounding reserve, with the NZD crashing back below the Big, Big figure of 0.7000, while the AUD retreated towards 0.7500. Australia is suffering the effects of minor virus outbreaks, that have been over-reacted to by political bed-wetting leaders, slamming millions into lockdown. Singapore is now the ‘gold standard’ with their policy and protocols.

Collinson & Co Contact