Volatility eases overnight but tentative trading expected

Volatility eases overnight but tentative trading expected
Rebecca Howard
Australian stock futures are pointing to a lift across the ditch and potentially here after a tidal wave of monetary and fiscal stimulus across the globe eased volatility on Wall Street.  The Dow Jones Industrial Average was down 0.6 percent at 8am in Wellington, the Nasdaq was up 0.3 percent while the S&P 500 was up 0.7 percent.The Dow Jones and S&P 500 indices are set to end the quarter more than 18 percent lower than at the start of the year, according to Reuters. The declines have wiped more than US$5 trillion from the value of...

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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