MARKET OPEN: Possible US election delay and grim US data may set the tone

Rebecca Howard
Fri, 31 Jul 2020

Possible delays to the US election, a plunge in US economic output and rising claims for unemployment benefits may spook investors today although key quarterly reports from Apple, Amazon, Facebook and Alphabet could turn things around. Markets were jittery after US President Donald Trump tweeted that universal mail-in voting will lead to the most “inaccurate and fraudulent election in history” and said “delay the election until people can properly, securely and safely vote???”. According to the BBC, Trump does not have the authority to po...
Markets
MARKET CLOSE: Reserve Bank measures limit virus-driven stock slide
Dan Brunskill | Wed, 12 Aug 2020

Reserve Bank stimulus helped soften a fall by New Zealand equities as investors reacted to a covid-19 flare-up which has put Auckland back into a level-3 lockdown. The S&P/NZX 50 Index declined 153...

PETER GRIFFIN: Tracing tech still running to catch up
Peter Griffin | Wed, 12 Aug 2020

We should have gone back into our state of covid-19 lockdown with an effective digital contact tracing technology in place.

Economy
UPDATE: RBNZ revs up the printing press, doesn't rule out negative rates
Rebecca Howard | Wed, 12 Aug 2020

(Updates to add comment from RBNZ governor and assistant governor)  The Reserve Bank kept the official cash rate at a record low 0.25 percent but expanded its large-scale asset purchase programme t...

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