If Gross from Pimco is right and Goldman Sachs, BlackRockand JPMorgan Chase are wrong then the new normal of lower I-rates should be pushing stock markets up for some time to come.
Seems like the NZD is finally dropping ... We've just seen FPH go ballistic - some of which would have been currency related - Who's next?
GPG - just Coates and its all overseas! (but i-rates worldwide aren't going up fast enough so plenty of guesses here.) Still should be good for a %-to-% in sp (i.e. each % NZD down, GPG up)
THL - Holidays will get cheaper for overseas people ... But there'll be the inevitable lag.
XRO, DIL, etc. - revenues in non-NZD
Others?
Good for comvita.
Bad for importers. Warehouse, colonial motors
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