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MARKETWEEK: Wall Street history and dairy daydreams
18.5.24 WARREN HEAD The national sharemarket was outgunned by Wall Street this week as the NYSE hit the highest level in its 139-year existence as the American inflation fears recede. The Dow Jones Industrial Average –n the measure of the top[ 32 stocks – rode...
Agreement in SkyCity civil proceedings
SkyCity Entertainment Group advised the market that SkyCity Adelaide Pty Ltd, has reached an agreement with the Australian Transaction Reports and Analysis Centre (AUSTRAC) to resolve the civil penalty proceedings commenced in December 2022. The proceedings relating...
NZ Market Report 17.4.24
The national sharemarket was in rough balance today with rises by several midcaps. But larger stocks offset the gainers as they retreated in price. The NZX50 closed at Serko has had one of the better days, selling up 24c to $3.45. Scales Corp rose 15c to $3.30 ,...
Warehouse CEO departs
17.1.24 The Warehouse Group’s chief executive officer Nick Grayston has stepped down from his role effective immediately. TWG Chair Joan Withers said "Since 2016, Nick has led TWG through a period of significant change in the retail industry and I want to thank him...
NZ Market Report 16.5.24
The easier inflation report in the US weakened the US dollar and sent the US equities markets hurling higher. The Dow Jones gained 349.89 points at 39,908.00. In NZ the NZX50 jumped 202.18 points, its best day in a long while, to attain 11,728.06 The declines...
Step-change in Fonterra’s strategic direction
16.5.24 Fonterra Co-operatbve stunned the market today with a surprise announcement that is exploring full or partial divestment options for some or all of its global Consumer business, as well as its integrated businesses Fonterra Oceania and Fonterra Sri Lanka. The...
US CPI data triggers market gains
Global asset markets made strong gains following the widely anticipated US CPI data, notes BNZ Markets this morning. Along with softer than expected retail sales, the CPI data contributed to markets bringing forward expectations of when the Federal Reserve will begin...
NZ Market Report 15.5.24
Bleak reading from key banking economists and uncertainty around upcoming NZX March reports has left the NZX slowly sinking. The NZX50 index closed today off 92.20 points at 11,525.88. In Australia a stimulatory Budget has perked spirits and the ASX All...
Rakon steps into NewSpace
15.5.24 Technology exporter Rakon has won a contract, worth up to NZ$17 million over 3 years, to supply its industry-leading space subsystems for a new Low Earth Orbit (LEO) satellite constellation. Rakon was awarded the contract by an unidentified global leader in...
Markets await American CPI news
Markets remain in a holding pattern ahead of tonight’s key US CPI release, notes BNZ Markets this morning. “There was some sticker shocker from a higher PPI print overnight, but on further reflection the data were mixed, and the spike in the USD and rates was very...
Market Trends
NZ Market Report 16.5.24
The easier inflation report in the US weakened the US dollar and sent the US equities...
NZ Market Report 15.5.24
Bleak reading from key banking economists and uncertainty around upcoming NZX March...
NZ Market Report 14.5.24
Against a background of weaker economic reports, the NZ sharemarket zig-zagged its way through...
NZ Market Report 10.5.24
Energy companies were in the spotlight today after the early cold snap forced Transpower to warn...
NZ Market Report 9.5.24
Temperatures are falling as an early winter strikes and the equity market has become...
NZ Market Report 8.5.24
The NZX market slipped under the 11,800 level today in the absence of any positive news. The NZX50...
Overseas Sharemarkets
US CPI data triggers market gains
Global asset markets made strong gains following the widely anticipated US CPI data, notes BNZ...
Markets await American CPI news
Markets remain in a holding pattern ahead of tonight’s key US CPI release, notes BNZ Markets this...
Markets cautious of over-expectation
Weaker than expected US consumer confidence data and higher treasury yields, following a rise in...
US CPI data triggers market gains
Global asset markets made strong gains following the widely anticipated US CPI data, notes BNZ...
Quiet session for the NZ dollar
Global equity markets are flat, US Treasury yields are down slightly, and currency movements have...
Market conditions reduce Fletcher guidance
13.5.24 Further evidence that the building and construction sector has contracted in recent months...
Markets cautious of over-expectation
Weaker than expected US consumer confidence data and higher treasury yields, following a rise in...
NZ dollar pushes higher
Overnight, much weaker than expected US initial jobless claims figures...
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