Market Outlook: Fisher Funds senior portfolio manager Robbie Urquhart on the week ahead.
Tourism operators, restaurateurs and even a former darling of the local sharemarket can expect the trans-Tasman travel bubble to be an “incremental positive” for their businesses and the wider economy, says Fisher Funds senior portfolio manager Robbie Urquhart.
Quarantine-free travel between New Zealand and Australia kicked off midnight Sunday, with Australian prime minister Scott Morrison and New Zealand prime minister Jacinda Ardern releasing a joint statement celebrating the milestone, which sees quarantine-free travel resume across the Tasman for the first time in over a year.
The leaders said two-way travel across the Tasman would help drive the economic recovery for both