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“The New Zealand market perhaps has been through its best years for a wee while. There probably is a bit of negative expectation yet to be built into analyst forecasts of profits.”
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“It probably increases the risk premium on New Zealand for a few days.”
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“To call it one way or the other would be very difficult.”
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“New Zealand is ahead in the global cycle. The U.K., Australia and Canada are all in boats behind New Zealand, so they may follow the same pattern.”
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