MARKET OPEN: Wall Street lift may help local sentiment

Rebecca Howard
Tue, 30 Jun 2020

The domestic market may get a lift after Wall Street gained on stronger-than-expected housing data. Pending home sales mounted a record comeback in May, seeing encouraging contract activity after two previous months of declines brought on by the coronavirus pandemic, the National Association of Realtors said. The index – an indicator of home sales based on contract signings – rose 44.3 percent in May to 99.6. Economists polled by Reuters had expected pending home contracts to rebound by 18.9 percent. The Dow Jones Industrial Average...
Property
Housing market rebounds sharply; caution required
Jenny Ruth | Tue, 14 Jul 2020

The housing market bounded out of lockdown last month with sales volumes the highest for June in four years and prices nationally up 8.6 percent from a year earlier. The Real Estate Institute's lat...

Election 2020
ELECTION 2020: NZ First moves fast to seek political capital from Muller resignation
Pattrick Smellie | Tue, 14 Jul 2020

New Zealand First party leader Winston Peters was quick out of the blocks to issue a statement on the shock resignation of National Party's leader, Todd Muller, this morning. With NZ First polling...

Economy
MARKET OPEN: Wall St rally runs out of steam as US-China tensions mount
Paul McBeth | Tue, 14 Jul 2020

New Zealand’s stock market may be in for a soft day after a rally on Wall Street ran out of steam as the US and China traded barbs, reminding investors of the volatile relationship between the world’s...

The role of private equity in the wake of COVID-19

As local covid-19 restrictions ease, a new business cycle is beginning in New Zealand.