MARKET OPEN: Fears of second covid wave keep investors nervous

Mon, 22 Jun 2020

The New Zealand financial markets start the week on the back foot as heightened fears over another wave of covid-19 cases keeps investors on edge. Case numbers in some US states are accelerating exponentially and while US Vice President Mike Pence pushed back on the prospect of a second wave, Minneapolis Federal Reserve president Neel Kashkari has built in another outbreak into his base case scenario. Apple’s plans to re-close 11 stores in four states with high covid incidence also weighed on investor sentiment, with Wall Street ending weake...

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Markets Market close

NZ sharemarket down 1.13% for the week

The S&P/NZX 50 Index closed at 11,796.21, down 39.83 points or 0.34%.

Graham Skellern 6:15pm

Law & Regulation

Two new judicial appointments

Attorney general Judith Collins reveals new judges for high court and court of appeal.

Staff reporters 3:15pm

Economy

Fast-track ‘stakeholders’ list released

Major corporates including Carter Group and Fonterra are on the list.

Victoria Young 2:30pm

Sponsored

Boosting rural growth with innovation

Productivity and sustainability go hand in hand for the rural sector

ASB Scam Update

Sponsored

Auckland's new "Midtown" taking shape

5-star hybrid workspaces, combined with the City Rail Link, are creating a revitalised inner-city zone designed to motivate workers back to the office.

Alberts