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Shane Solly: Harbour Asset Management spokesperson on capital markets stabilising · Best of Business

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  Speaker 1: You're listening to a podcast from News Talks'd be follow
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  Speaker 1: this and our wide range of podcasts now on iHeartRadio.
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  Speaker 2: Shane solely harbor Asset Management is with us right now. Hey, Shane,
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  Speaker 2: get out there now, Shane. Why have the capital markets
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  Speaker 2: started to chill out?
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  Speaker 3: Yeah, yeah, we've actually seen a bit of a recovery.
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  Speaker 3: Excuse me, you were shares back up a pretty solid week.
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  Speaker 3: Last week actually saw the US, the U S and
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  Speaker 3: P five hundred. That's the main one. People talk about.
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  Speaker 3: Four point six percent tech market Tech the NAIs deck
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  Speaker 3: up six points in in big balance, even mister musk
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  Speaker 3: Tessler upper eighteen percent. So it's all about some of
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  Speaker 3: this stepping away in tariff. So this moderation of tariffs
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  Speaker 3: is stepping off the heat from both the US and China.
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  Speaker 3: Although mister Trump he keeps on saying, hey, look we're
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  Speaker 3: going to drop tariffs to China, but with something substantial
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  Speaker 3: in return. So the markets like that. Markets also like
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  Speaker 3: the fact we've had some pretty good profit results out
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  Speaker 3: of the US companies, so they've been better and the
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  Speaker 3: out better. But it's really about this tariff news being quieter.
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  Speaker 3: They're stepping away the US market the biggest, and P
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  Speaker 3: five hundred only down one and a half percent month
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  Speaker 3: to day, the naisday, the tech market up on the
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  Speaker 3: on the month. Not many people to pick that. And
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  Speaker 3: our market here today was up point seventy percent, so
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  Speaker 3: we're only down one point four percent. So yeah, markets
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  Speaker 3: are seeing things. We might have seen the worst.
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  Speaker 2: But were there a couple of share price moves here
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  Speaker 2: in New Zealand that that reflected what's going on with tariffs?
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  Speaker 3: Yeah, we're not immune. And you've knowed that the healthcare
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  Speaker 3: stock Fish and Pike with health Care actually was up today.
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  Speaker 3: Is a bit of a delayed reaction to one of
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  Speaker 3: its comparable businesses, Rismid, which is a US business. They
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  Speaker 3: had a better result last Thusday and they specifically talked
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  Speaker 3: about some of their products being exempt from some of
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  Speaker 3: the potential US government tariffs and they're had pretty good demands.
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  Speaker 3: So the market's been a bit delayed and picking that up.
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  Speaker 3: But it has seen Hey maybe fishing bikell can be
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  Speaker 3: exempt on tariffs as well. Particularly it's mixing in production
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  Speaker 3: and demand state good in contrast with main freight. This
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  Speaker 3: is the freight whouse logistics some the great business. But
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  Speaker 3: week today and the ship price fell. There was definitely
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  Speaker 3: one of its US comparator companies was a bit weak,
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  Speaker 3: just highlighting this slow down and the US economy as
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  Speaker 3: trade tariffs is started the hit, so not surprising to
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  Speaker 3: see a bit of weakness there. And then Delegates, the
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  Speaker 3: producer of some of the New Zealand's the Servinyon Blanc,
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  Speaker 3: came out with a downgrade, just saying, hey, look this
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  Speaker 3: we're uncertain about four past growth given this ten percent
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  Speaker 3: increase in tariffs. Good news there, of course, a really
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  Speaker 3: good harvest, good quality, good volume, so plenty of Sevin
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  Speaker 3: your bloc to go around.
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  Speaker 2: What's coming up this week that we should be watching
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  Speaker 2: out for.
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  Speaker 3: Yeah, pretty busy week here. We've got the aims at
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  Speaker 3: business confidence and activity outlook here in New Zealand And
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  Speaker 3: on Wednesday, and that's about are these green shoots that
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  Speaker 3: we've been talking about continuing? Are they growing? And Izzie
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  Speaker 3: On Wednesday, we've also got the inflation data and that
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  Speaker 3: may support more cuts by the Reserve Bank of Australia
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  Speaker 3: to their official rates. Busy week predominantly on Wednesday for
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  Speaker 3: the US their PCEE implation, that's the one that the
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  Speaker 3: US Central Bank mainly watches the GDP growth that's all
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  Speaker 3: out on Wednesday, and then they've got their unemployment numbers
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  Speaker 3: and their manufacturing forecast lead indicators coming out. It's all
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  Speaker 3: about what does that matter given the liberation data. Liberation
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  Speaker 3: Day has come out subsequent to the data, so the
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  Speaker 3: data maybe old, so it's going to be really hard
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  Speaker 3: for central banks and invest is to read through that.
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  Speaker 3: We've got a bunch of US companies reporting this week
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  Speaker 3: as well. It's almost thirty percent of the US market
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  Speaker 3: by market capitalization. The Chinese have got their purchasing manager
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  Speaker 3: and disease out on Wednesday. Is there a resign of recovery?
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  Speaker 3: The Japanese have got a Bank of Japan rate decision
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  Speaker 3: on Thursday. They have been increasing rates where they keep
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  Speaker 3: increasing rates given what's happening globally. And then finally, there's
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  Speaker 3: just three elections going on to Canadian and Singapore and
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  Speaker 3: on Saturday we've got the Australian federal election going on.
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  Speaker 3: So there's a lot to think about.
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  Speaker 2: Yeah, totally a lot of moving parts. Hey, Shane, Thanks
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  Speaker 2: very much. Shane solely Harbor Asset Management.
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