MARKET OPEN: Covid recovery hangs over market

MARKET OPEN: Covid recovery hangs over market
Paul McBeth
Investors will be keenly watching a major speech from Prime Minister Jacinda Ardern today on the next steps in New Zealand’s response to the covid-19 pandemic and subsequent recovery. Investor sentiment has been waxing and waning on how big an impact the pandemic will have on the global economy, rallying on positive drug trials one day, only to reverse those gains the next on fears that renewed lockdowns will stifle growth. NZ has been one of the international stand-outs in stamping out the virus, and currently has it contained in isolati...

More Economy

ANZ survey: ‘The worst will soon be past’
Economy

ANZ survey: ‘The worst will soon be past’

ANZ-Roy Morgan's survey shows that consumer confidence bounced back from recessionary lows in July.“It’s still very low but has clawed back about half the March-April fall that coincided with ‘recession’ headlines. The lift was driven by improving expectations rather than the...

Staff reporters 26 Jul 2024
The kiwi dollar is falling prey to the bears
Economy

The kiwi dollar is falling prey to the bears

The only worst performer is the Norwegian krone.

Rebecca Howard 26 Jul 2024
Holidays Act: no vacation for taxpayers
Economy In-depth

Holidays Act: no vacation for taxpayers

Let's pay billions of dollars and get nothing new for it.

Nikitin Sallee 25 Jul 2024
Recession worries? Blame China's economic flu
Economy

Recession worries? Blame China's economic flu

Treasury's chief economic adviser says China's economic woes are being felt in NZ.

Dileepa Fonseka 25 Jul 2024