MARKET OPEN: Wall Street rally may help local sentiment

Rebecca Howard
Fri, 26 Jun 2020

The local stock market may recoup some of yesterday’s losses after Wall Street turned positive despite ongoing worries about the rising number of covid-19 cases. The benchmark S&P/NZX 50 Index fell 1.2 percent yesterday. US stocks were helped when US banking regulators eased two rules covering large banks. According to CNBC, Federal Deposit Insurance Commission officials said the move will allow banks to more easily make large investments into venture capital and similar funds. The banks will also be able to avoid setting aside cash...
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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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