Shane Solly: Harbour Asset Management spokesperson on the US share market bouncing back

The US share market bounced back at the end of last week, despite growing concerns about America's economic future.

New data shows there's a decline in consumer confidence in the US.

Harbour Asset Management's Shane Solly explains further.

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Episode Transcript

Speaker 1 (00:00):
Shane Sully's here hardbre Rest Management. Shane. Good evening today, Ryan.
Let's have a look at the market, shall we. How
are we looking well?

Speaker 2 (00:07):
We saw a little bit of a recovery in the
US market on Friday, a little bit about the government,
the US government managing to avoid ab ceiling problem and
actually open make sure the government doesn't shut down, and
also mister Trump managed to stop making too many announcements.
But we actually saw some weaker economic data and so
we saw some consumer confidence surveys come out weaker, inflation

(00:32):
expectations are behind. This is all about this US government
reset that's going on, trying to get the spending down
the US government and obviously the uncertain trade TOWERFFS. So
quite an interesting friday. Here in Zeland. We were a
little bit better today, but still we're not exactly all
on the way but soon. I think some of that
volatility was in the last few weeks, just toning down

(00:53):
a little bit.

Speaker 1 (00:54):
Yeah, okay, Hey, over to China, the regulators there seem
to be really putting their foot down to try and
support the Chinese economy. I note they had their January
February figures for import export imports with down eight percent.

Speaker 2 (01:08):
Yeah, so it's a great point. Ryan. They're starting from
a low start point, so that they have seen the
need to increase stimulation. Last week they had what's called
the Chinese National People's Conference to the NPC and it
really had a bunch of policies and lifting this economy.
One of the really notable things was that if more
aggressively targeted consumed consumption, really trying to get Chinese consumers

(01:30):
given the confidence to get out there. They've gone out with
a thirty point plan over the weekend. One thing that
we noticed though for New Zealand was that they're targeting
lifting birth rates, things like increased maturity, patunity, childcare, health
care policies, and some of the cities are actually really
throwing subsidies basically giving you ten thousand, which is quite
a lot of you in a second or third or

(01:50):
fourth tier city to have babies, to have children. That's
pretty good for China's demand for New Zealand infant milk formula.
And so we've seen a to milk the milk formula
producer up ten percent over the week on the back
of that news. So, yep, plenty of plenty of similars
going on.

Speaker 1 (02:07):
There and just finally back here, shares in smart Pace
spiking high today. This is several takeover offers that we've
been hearing about.

Speaker 2 (02:15):
Yeah, interesting times. So smart Pay Electronic Prepaid Solutions said
it had a bed from Australian as the company Tyro
and also an international strategic party. We don't know who
that is. Tyro has been effectively the same as a dollar.
It's some shares and some cash. It's about a dollar,
and the boards basically said, hey, look, just wait, We're
going to let these companies undertake their due diligence and

(02:36):
then we'll go from there. But I think it's really
telling us that it's the time we may see more
of this version acquisition activity. It's the right time to
acqui bolt on businesses for some businesses, so we may
see a bit more of it.

Speaker 1 (02:48):
All right, Shane, thanks so much for that. Great to
have you on. Shane Solid Harbor Asset Management with us tonight.

Speaker 2 (02:53):
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