ep 212 | Has the local sharemarket turned a corner?

The Reserve Bank's bumper OCR cut gave the local sharemarket a boost earlier this month. With further reductions expected in the coming months, New Zealand shares could be in for a brighter period. Listed companies should see improved earnings as the recession abates and the economy recovers, which bodes well for dividends as well as share prices. As investors face steadily falling returns from term deposits, we’re also likely to see money flow into other assets, including shares.