MARKET OPEN: Economic recovery hopes trump US-China trade tensions

Thu, 28 May 2020

A positive night on Wall Street may once again cheer domestic investors as optimism about an economic recovery from covid-19 continues to outweigh any US-China jitters for now. The Dow Jones Industrial Average was up 2.1 percent at 8am in Wellington while the S&P500 was up 1.4 percent and the Nasdaq was up 0.8 percent. The easing of lockdowns, optimism about an eventual covid-19 vaccine and massive US stimulus continue to power the rally. Kiwi investors may also be cheered by news that a trans-Tasman bubble could be in place by the Jul...

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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

Economy