Auckland in level 2, but too late for Auckland Home Show and Napier Art Deco

Auckland in level 2, but too late for Auckland Home Show and Napier Art Deco
Bernard Hickey
TLDR: Ata Mārie and whew! That de-escalated sooner than many feared. Auckland is back at level two this morning with the prospect of going down to level one when Cabinet decides on the next move on Monday. Overnight overseas, there was more good economic news with stronger American retail sales, Japanese exports and British inflation. Global stocks firmed a bit and US bond yields retraced from Wednesday’s highs this morning.The five key things this morning:Short and sharp shock. PM Jacinda Ardern and Ashley Bloomfield announced Auckland&r...

More Markets

KMD Brands pulled into Trump trade war
Retail

KMD Brands pulled into Trump trade war

Like a lot associated with so-called ‘Liberation Day’, much remains uncertain.

US tariff risk less than expected for FPH, Jarden says
Economy

US tariff risk less than expected for FPH, Jarden says

Jarden says tariff-related impacts on earnings would be "nominal" by 2030.

Jarden says Skellerup 'most exposed' to Trump's tariffs
Markets

Jarden says Skellerup 'most exposed' to Trump's tariffs

US President Donald Trump's sweeping global tariffs, announced on Thursday, are expected to have devastating consequences not only in the US but also in New Zealand.In a note on Friday morning, Jarden analysts Guy Hooper and Nick Yeo predicted that NZX-listed Skellerup looks...

Wall Street reels as Trump’s plan sinks markets
Markets

Wall Street reels as Trump’s plan sinks markets

The president’s sweeping tariffs proved far more severe than investors predicted.