The surprise round of output cuts could be an ominous sign for global inflation, days after US data temporarily boosted market optimism.
"For long-term investors, they need to be cautious, be sensible, be disciplined, but also don't look a gift horse in the mouth."
U.S consumer prices fell for the first time in more than 2-1/2 years in December.
It was the biggest single-session fall since late February.
It dropped 3.3 percent, the biggest one day fall since March 2020.
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It's an attempt to increase cooperation that could help minimise potential damage to financial markets and banks.
Emergence of the COVID-19 Omicron strain has caused the NZX 50 to open lower on Monday.
A number of stocks are down.
