MARKET OPEN: Profit taking may be the flavour of the day, US jobs data in focus

Rebecca Howard
Fri, 05 Jun 2020

Weaker offshore markets may spill over into New Zealand as investors look to lock in profits after several positive days. Wall Street is set to end its four-day rally ahead of the May non-farm payrolls report, expected to show the US unemployment rate hitting 19.7 percent. Data overnight showed initial claims for state unemployment benefits fell 249,000 to a seasonally adjusted 1.877 million for the week ended May 30.  Economists polled by Reuters had expected new claims to fall to 1.8 million. “Tonight’s key US non-farm payrolls data...
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ELECTION 2020: National MP under pressure to resign after 'dirty politics' disclosures
Pattrick Smellie | Tue, 07 Jul 2020

National's Clutha-Southland MP Hamish Walker is under intense pressure to resign as a candidate for the National Party.

Markets
MARKET CLOSE: NZ shares rise with continual central bank support
Dan Brunskill | Tue, 07 Jul 2020

New Zealand shares rose for a fourth day as investors bet that further central bank stimulus and ongoing low interest rates will continue to support equities. The S&P/NZX 50 Index gained 87.52 poin...

Markets
NZ dollar treads water as covid-19 cases spike in Melbourne
Jenny Ruth | Tue, 07 Jul 2020

The New Zealand dollar was little changed after volatile trading driven by swings in China's share market but could follow its Australian counterpart lower if the state of Victoria imposes a return to...

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Sponsored: What’s next for the future of the office?

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