MARKET OPEN: Wall Street steams to strongest quarter in more than 20 years

Rebecca Howard
Wed, 01 Jul 2020

The domestic market may track the positive lead from Wall Street, although ongoing concerns about the rising number of covid-19 cases in the US may cap any enthusiasm. Wall Street was on track to end its strongest quarter in more than two decades after data pointed to a recovery in consumer confidence. The Dow Jones Industrial Average was up 0.8 percent at 8am in Wellington, the Nasdaq had added 1.9 percent and the S&P 500 was up 1.5 percent.   The Conference Board Consumer Confidence Index increased in June, after virtually no change...
Opinion
ON THE MONEY: Boag, BNZ, Crimson and more
Victoria Young | Sat, 11 Jul 2020

Professional distancing We’re sure public relations expert and National Party stalwart Michelle Boag has had a few ups and downs in her colourful career, but you know things are rough when one of your...

Opinion
JEHAN CASINADER: Politicians are the worst advertisement for democracy
Jehan Casinader | Sat, 11 Jul 2020

In Wellington, when it rains, it pours.In recent weeks, there has been a steady stream of political scandals. Blunders, sagas, hiccups and missteps – too many to count.These events remind us why so ma...

Economy
BRIAN GAYNOR: Aluminium smelter reaches use by date
Brian Gaynor | Sat, 11 Jul 2020

The negative market reaction to Rio Tinto’s announcement that it was winding down the Tiwai Point aluminium smelter was overdone, particularly for investors with long-term perspectives. The smelter...

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.

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

Think everyone is going to keep working from home? No so fast, says Milford Asset Management.