Looking ahead, events in the Middle East will be a focal point, as investors watch for any further escalation between Israel and Iran.
The G7 Leader’s Summit takes place in Canada early in the week, ahead of the NATO summit next week.
It’s also a very big week for central banks, with monetary policy decisions due in the US, UK and Japan.
None are expected to adjust policy rates, although the tone and commentary will be important.
There’s plenty to watch in the coming days here in New Zealand, and the key release will be the March quarter GDP report on Thursday.
Markets expect another steady print, and a result above Reserve Bank estimates could ensure the OCR remains on hold at the next meeting.
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Mark Lister
Investment Director
Market Insights enewsletter
Keep up to date with our fortnightly Market Insights enewsletter. Our research team provide timely and regular commentary and analysis on market developments, understanding investment jargon, and the impact of current events.