MARKET OPEN: Better mood on Wall Street may buoy local market

MARKET OPEN: Better mood on Wall Street may buoy local market
Rebecca Howard
Positive US data coupled with growing optimism that China is on the road to recovery will likely give risk appetite a boost today. In the US, the Institute of Supply Management’s non-manufacturing activity index jumped to 57.1 in June, almost returning to pre-pandemic levels. Any reading above 50 points denotes expansion and services account for about two-thirds of the US economy. The Dow Jones Industrial Average was up 1.7 percent at 8am in Wellington while the S&P 500 had lifted 1.6 percent and the Nasdaq had gained 2.2 percent. Amaz...

More Markets

NZ sharemarket celebrates a near 1% Easter rise
Markets Market close

NZ sharemarket celebrates a near 1% Easter rise

The S&P/NZX 50 Index closed at 12,105.29, up 94.62 points or 0.79%.

Graham Skellern 28 Mar 2024
F&P Healthcare facing $12m bill for product recall
Markets

F&P Healthcare facing $12m bill for product recall

The company will provision the cost in its next full year results.

Staff reporters 28 Mar 2024
Synlait seeking help from major shareholder for $130m debt
Markets

Synlait seeking help from major shareholder for $130m debt

Synlait enters trading halt as it needs more time to come up with cash.