MARKET OPEN: US-China jitters overhang sentiment

Rebecca Howard
Fri, 22 May 2020

Jitters about US-China trade tensions and weak US jobs data may overhang the domestic market as investors look ahead to earnings reports next week. Investors have been on edge as US President Donald Trump has stepped up his rhetoric against China and Wall Street fell despite US White House economic adviser Larry Kudlow telling a Washington Post live webcast that phase 1 of the deal Is “intact.” The Dow Jones Industrial Average was down 0.4 percent at 8am in Wellington, the Nasdaq was down 1 percent and the S&P500 was down 0.8 percent. ...
Finance
Regulator sues ANZ over credit card insurance
Dan Brunskill | Fri, 05 Jun 2020

The Financial Markets Authority has filed High Court proceedings against ANZ Bank New Zealand, alleging it charged some customers for credit card repayment insurance policies that offered those custom...

Markets
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 payr...

Infrastructure
Loss expected from NZ Steel on covid shutdown
Gavin Evans | Fri, 05 Jun 2020

BlueScope Steel’s New Zealand business could post its first half-yearly loss in four years on the back of the country’s strict covid-19 shutdown, Jarden analysts say. The New Zealand Steel and Paci...

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