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New Zealand's Cold Start To Winter; 79% Chance Of A Winter La Nina; + Trouble Ahead For Markets?

New Zealand's Cold Start To Winter; 79% Chance Of A Winter La Nina; + Trouble Ahead For Markets?

For decades, Congress have been allowed to trade stocks freely. Now, just as the market reaches its zenith, they are being 'forced' to sell.

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Cap Allon
Jul 12, 2024
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New Zealand's Cold Start To Winter; 79% Chance Of A Winter La Nina; + Trouble Ahead For Markets?
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New Zealand's Cold Start To Winter

NIWA's official prediction for a warmer-than-average winter in New Zealand isn't exactly going to plan, with temperatures plunging below freezing across the country, to -7.8C (18F) in Omarama this morning.

MetService's Lewis Ferris explains that New Zealand is under a high-pressure system, with the combination of light winds, clear skies, and long nights leading = to some of the lowest temperatures seen in years.

"It's been a cold, wintry start across much of the country, especially in the South Island," Ferris noted.

Icicles form at Hot Tubs Omarama, July 12, 2024 [Rebecca Orpin]


Mt Cook Airport
recorded -7.6C (18.3F), while Auckland Airport experienced its coldest morning of the year at 3C (37.4F).

Ferris indicated that cold temperatures are expected to persist throughout July.

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