MARKET OPEN: Local investors face uphill day as dairy prices slide, jobs report looms

Rebecca Howard
Wed, 05 Aug 2020

Local investors will be struggling to find any good news today after dairy prices fell the most this year in the overnight auction, and ahead of labour data set to show a spike in unemployment through the covid-19 lockdown.  The Global Dairy Trade index fell 5.1 percent, weighed down by a bigger-than-expected 7.5 percent fall in whole milk powder - New Zealand's key dairy export. The index fall was the largest since December 2019. Supply is ramping up and “buyer appetite waned, possibly taking a ‘wait and see’ approach as New Zealand offe...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Six year wait for three waters reforms far too long, says Scottish expert
Pattrick Smellie | Mon, 27 Jun 2022

The three waters reform will not prove its worth as quickly as it could if economic regulation is delayed until 2030, says the head of the water regulator for Scotland, the template for NZ's reforms.

Fletcher wowed analysts at last week’s investor day
Jenny Ruth | Mon, 27 Jun 2022

All five of the analysts’ reports BusinessDesk has seen have either “overweight” or “outperform” investment recommendations on Fletcher shares.

Podcasts FREE
Cooking the Books: why is everything so expensive?
Frances Cook | Mon, 27 Jun 2022

What's behind the soaring cost of living, and what can you do about it?

Investments to sustain the momentum of building in NZ

Classic Capital has opened its Land & Build fund to qualified wholesale and eligible investors.

High water marks: Watercare raises the tide on sustainability

The No.1 barrier to decarbonisation for NZ organisations is accurate measurement, says Microsoft’s Accelerating the Journey to Net Zero report.