The Latest
NZ Market Report 9.5.24
Temperatures are falling as an early winter strikes and the equity market has become frosty as well. With a 36 points today, the NZX50 sank to 11,746.59, close to a 9-week low point. In contrast, in the US, the Dow Jones Industrial Average increased for...
NZ dollar stable in narrow market
Global markets were generally confined overnight to narrow ranges in the absence of first-tier economic data or other catalysts, says BNZ Markets’ Stuart Ritson this morning After four days of consecutive gains, the S&P was little changed in early afternoon trade....
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 fell 17.80 points to 11,782.89. F&P Healthcare pushed 25c higher at $29.15, Gentrack added 10c to $8.40 and THL was up 9c at $1.99. Air NZ managed a 3c move up to...
Flatter tone to markets
8.5.24 Against a backdrop of little fresh news, US Treasury yields continue to edge lower, with the 10-year rate down to a four-week low, notes BNZ Markets this morning. The USD is stronger, although movements have been small to modest across the board and the NZD is...
Slight dip in strong ANZ half-year
7.5.24 Coming off a record 2023 year, ANZ Banking Group performed strongly in the first half-year, albeit at a lower level than in 1H23. ANZ announced a Statutory Profit after tax for the half year ended 31 March 2024 of $3,407m, down 1% . Cash Profit was $3,552m,...
Positive quarter for Briscoe Group
7.5.24 Briscoe Group shares traded at a steady $4.45 after the retail group announced unaudited sales for the quarter ended 28.4.24 (91 days) were $183.0m, being 1.03% higher than the $181.2m achieved for the first quarter of last year. First quarter sales for the...
NZ Market Report 7.5.24
The airwaves are jangling with negative economic news at present – the BNZ even went to the extent today of a note detailing a length set of pressure points. Against that backdrop the slight (-20 points drop) by the NZX50 index to 11,800.78 was not too bad. Yet...
NZ dollar flat in quiet market week
It has been a quiet start to the week in what will likely be a quiet week overall, with a very light economic and event calendar, notes BNZ Markets this morning. “With UK and Japan holidays, trading conditions are lighter than normal, says Jason Wong, senuior markets...
Lower start for Westpac
Amid a slowing economy and competitive banking sector, Westpac posted half year net profit after tax, excluding notable items, down 8% on 1H23. Including notable items, NPAT was down 16% on 1H23 and -5% on 2H23,. “We grew our major Australian segments in a disciplined...
Wasteco shifts asset finance
6.5.24 WasteCo has completed a refinancing of its asset finance facilities totalling $12.77m from non-bank financiers to Kiwibank. As a result of the refinance, WasteCo has achieved consolidation of all its debt and asset financing arrangements with Kiwibank. WasteCo...
Market Trends
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...
NZ Market Report 7.5.24
The airwaves are jangling with negative economic news at present – the BNZ even went to the...
NZ Market Report 6.6.24
The list of listed companies making earnings downgrades continued today and served as a...
NZ Market Report 3.5.24
The NZ sharemarket closed up 64 points today at 11,938.08 and looks poised to crack the...
NZ Market Report 2.5.24
The NZ market cautiously poked higher today on a fairly negative trading session for the...
Overseas Sharemarkets
NZ dollar stable in narrow market
Global markets were generally confined overnight to narrow ranges in the absence of first-tier...
NZ dollar flat in quiet market week
It has been a quiet start to the week in what will likely be a quiet week overall, with a very...
Kiwi dollar spikes higher
The New Zealand dollar has spiked higher after US jobs data saw the US dollar soften. Weaker than...
NZ dollar stable in narrow market
Global markets were generally confined overnight to narrow ranges in the absence of first-tier...
Flatter tone to markets
8.5.24 Against a backdrop of little fresh news, US Treasury yields continue to edge lower, with...
NZ dollar flat in quiet market week
It has been a quiet start to the week in what will likely be a quiet week overall, with a very...
Kiwi dollar spikes higher
The New Zealand dollar has spiked higher after US jobs data saw the US dollar soften. Weaker than...
Yen outperforms on intervention
Markets have settled after the flurry following the Fed’s policy update yesterday and the moves...
Videos
Weekly economy and markets round-up from Westpac Chief Economist Kelly Eckhold
Markets
NYSE-Nasdaq Markets