MARKET OPEN: Better global mood may spill over to local market

Tue, 21 Jul 2020

Positive news on the vaccine front, a better night on Wall Street and news the European Union are nearing a deal on a coronavirus relief fund may help spur a positive day on the domestic market. A coronavirus vaccine developed by the University of Oxford and appears safe, triggers an immune response, the BBC reported. Trials involving 1,077 people showed ChAdOx1 nCoV-19 led to them making antibodies and T-cells that can fight coronavirus. “Global equities kicked off the trading week on a positive note as vaccine hopes supported optimism,”...

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Markets Market close

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Politics

Govt reshuffle: Lee demoted, Simmonds loses portfolio

Melissa Lee has been stripped of her media and communications portfolio and dropped from the cabinet, prime minister Christopher Luxon announced today.He has given Paul Goldsmith the portfolio after Lee was widely criticised over her public handling of the numerous issues facing...

Staff reporters 1:20pm