The Latest
US dollar weaker after Powell conference
The latest policy update by the US Federal Reserve didn’t offer any surprises but US rates and the US dollar fell during chair Jerome Powell’s press conference, according to BNZ Markets today. “The clear message was one of an easing bias, with a rate hike “unlikely”,”...
Christie steps down at ikeGPS
ikeGPS Group announced that non-executive director Rick Christie, effective 1.5.24 , stepped aside from the IKE board. Rick Christie was the company’s chair from the time of its listing, as a very early stage business in 2014, and then a non-executive director for the...
Sales perk up for Resturant Brands
1.5.24 The equity market reacted positively to Restaurant Brands Q1 sales results today. The share price improved by 12c to $3.12. RBD total sales for 1Q24 (to 31.3.24) at $333.0m, were up a strong $24.4m (+7.9%) increase on the pcp. Strong sales growth in the New...
NZ Market Report 1.5.24
There were few gainers on a subdued NZX market today as the local bourse reacted sluggishly to the drop in US markets overnight. The NZX50 index lost 89.92 points to 11,867.58. The RBNZ is expected to leave the Official Cash Rates untouched in NZ in this...
US economic data jolts market
Investor risk sentiment was undermined into April month end by US economic data that revealed persistent wage pressures and a sharp fall in consumer confidence, says BNZ Markets this morning. The S&P fell close to 1% and looks set for its weakest monthly...
George Adams elected as Synlait chair
1.5.23 (9.30am Synlait Milk’s board has elected George Adams as chairman with Dr John Penno, the company’s Co-Founder and board appointed director stepping down. Adams was appointed as an independent director of Synlait in March 2024 to fill a casual vacancy. His...
David Mair to lead Sanford
1.5.24 (8.55am) Seafood exporter Sanford Ltd has pulled off a management coup by appointing a current Sanford director David Mair as its new Chief Executive Officer. "The appointment follows a thorough process to identify and consider suitable candidates," said...
NZ Market Report 30.4.24
The NZ sharemarket had a further firm trading session today, with the NZX50 index rising 41.26 to 11,957.50. Serko shares jumped 17.35% after it advised it has signed a five-year contract with Booking.com, an existing partnership, and updated the market on FY24...
Serko signs 5-year deal
30.4.24 Travel platform Serko has signed a 5-year partnership renewal with booking.com This is regarded as a significant milestone for Serko’s growth ambitions. The five-year term will run from April 2024 to March 2029 Serko also provided unaudited FY24 trading update...
Volatile session for the Yen
Risk appetite is slightly higher at the start of the new week, notes BNZ Markets this morning. The key market movement has been yen volatility, with signs of official intervention after the currency cratered in early Asia trading. USD/JPY has traded within a 3.5%...
Market Trends
NZ Market Report 1.5.24
There were few gainers on a subdued NZX market today as the local bourse reacted sluggishly...
NZ Market Report 30.4.24
The NZ sharemarket had a further firm trading session today, with the NZX50 index rising 41.26 to...
NZ Market Report 29.4.24
On a relatively low newsflow today, the NZX market turned around and regained much of the ground...
NZ Market Report 24.5.24
US markets on the rebound helped set an upbeat tone for equity markets today, feeding through to a...
NZ Market Report 23.4.24
There was a sharp dip in share prices on NZX today with several leading shares shunted lower. The...
NZX Market Report 22.4.24
Share trading caught a generally improving mood on NZX today with the NZX50 carried 56.59 points...
Overseas Sharemarkets
US dollar stronger – Japan holds firm
The US dollar finished the trading week with strength against developed market currencies and the...
Contrasting economic activity reports
Contrasting business activity readings in the UK and US set part of the backdrop for trading on...
KIwi dollar flat and steady
Risk appetite is higher as Middle East tensions settle. US equities have rebounded after a weak...
US dollar weaker after Powell conference
The latest policy update by the US Federal Reserve didn’t offer any surprises but US rates and the...
US economic data jolts market
Investor risk sentiment was undermined into April month end by US economic data that revealed...
Volatile session for the Yen
Risk appetite is slightly higher at the start of the new week, notes BNZ Markets this morning. The...
US dollar stronger – Japan holds firm
The US dollar finished the trading week with strength against developed market currencies and the...
US GDP moves higher
The US GDP report released overnight could be described as anti-Goldilocks, with both weaker...
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