Financial Markets Wrap

Global markets saw a strong recovery in risk assets during April following a US-Iran ceasefire, despite ongoing conflict uncertainties and elevated oil prices. The NZD rebounded and the RBNZ signaled a hawkish shift as domestic inflation remained sticky at 3.1%.

Key Takeaways

• 1.Risk assets recovered significantly in April following a US-Iran ceasefire, despite the continued closure of the Strait of Hormuz.
• 2.The NZD/USD recovered nearly 3% after a sharp 4% drop in March, supported by improved global risk appetite.
• 3.The RBNZ adopted a more hawkish stance, indicating a readiness for 'decisive and timely' rate increases if inflationary pressures persist.

Table of Contents

• Risk appetite recovery in April, despite the war
• Monthly Performance Table
• Contact Details

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