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NZ Market Report 10.5.24
Energy companies were in the spotlight today after the early cold snap forced Transpower to warn of potential power reduction. However, large wholesale customers reduced the energy load sufficiently for the network to move safely through the early morning 7am – 9am...
3Q24 sales normalise for Warehouse
10.5.24 The Warehouse Group has provided a trading update for the 13 weeks ending 28.4.24 (3Q24) and the 39 weeks year to date. The group reported total sales of $695.5m in 3Q24 Q3, a decline of 9.2% compared to 3Q23 resulting in total sales of $2.3bn in FY24 year to...
NZ dollar pushes higher
Overnight, much weaker than expected US initial jobless claims figures triggered lower US Treasury yields and a weaker USD, although moves have been modest, notes BNZ this morning. “The BoE signalled a rate cut was soon coming, something the...
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...
Market Trends
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...
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...
Overseas Sharemarkets
NZ dollar pushes higher
Overnight, much weaker than expected US initial jobless claims figures...
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...
NZ dollar pushes higher
Overnight, much weaker than expected US initial jobless claims figures...
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...
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