NZ stocks could be headed for a record gain for 2019

NZ stocks could be headed for a record gain for 2019
Jenny Ruth
As the global economy could be shaking off its wobbly period, both the United States and New Zealand share markets could be headed for a record year.Both the S&P 500 Index, the broad measure of US stocks, and the domestic benchmark S&P/NZX 50 Index hit fresh records last week.The US index gained almost 1 percent over the week, taking its gains for November to 3.4 percent and its year-to-date gains to 25.3 percent.The NZ index was even stronger, gaining 3.4 percent last week, 4.9 percent for November, its best month since March, and 28.4...

More Economy

NZIER's Shadow Board predicts RBNZ will hold, with one exception
Economy

NZIER's Shadow Board predicts RBNZ will hold, with one exception

The New Zealand Institute of Economic Research’s Shadow Board expects the Reserve Bank of NZ to hold the official cash rate at 5.5% for another year, although one member did call for a hike this week. “While inflation pressures are still high and the labour market remains strong,...

RBNZ could hint cuts may come sooner
Economy

RBNZ could hint cuts may come sooner

The RBNZ will announce its latest decision at 2pm on Wednesday. 

Briscoe Group says tax changes will hit FY net profit by $7.4m
Retail

Briscoe Group says tax changes will hit FY net profit by $7.4m

New legislation affects depreciation on commercial buildings.  

Rebecca Howard 05 Jul 2024
Core Crown tax revenue higher than expected in May accounts
Economy

Core Crown tax revenue higher than expected in May accounts

Government tax intake is $1.57 billion higher than forecast, according to the latest Crown accounts.Treasury released the interim financial statements for the 11 months ended May 31 on Wednesday morning, which showed core Crown tax revenue was $111.12b.This was 1.4% more than the...

Staff reporters 04 Jul 2024