Escalation of hostilities between Israel and Iran weighs on NZ markets

Escalation of hostilities between Israel and Iran weighs on NZ markets
Tension in the Middle East is weighing on markets in NZ. (Image: AP)
Rebecca Howard
The New Zealand dollar and share market are weaker early Monday as an escalation of hostilities between Israel and Iran weighs on risk appetite. The kiwi was trading at 59.38 US cents at 10am in Wellington versus around 60 US cents late Friday.Investors are on edge after scores of drones and missiles were fired at Israel, which Iran said was in response to an April 1 strike on its consulate in Syria.“These developments will weigh on investor risk appetite as Israel calibrates a response,” said BNZ senior interest rate stra...

More Markets

NZ sharemarket falls 1% to near-low for year
Markets Market close

NZ sharemarket falls 1% to near-low for year

The index closed at 11,557.21, down 121.46 points or 1.04%.

Graham Skellern 30 May 2024
Why Rakon will never mention Nvidia
Markets

Why Rakon will never mention Nvidia

Space isn't the final frontier for the advanced manufacturer.

High labour costs hit Green Cross Health profit
Markets

High labour costs hit Green Cross Health profit

The group is tightening up operations but is still expanding.

Staff reporters 30 May 2024
TradeWindow narrows losses, grows revenue
Markets

TradeWindow narrows losses, grows revenue

TradeWindow has narrowed its losses and grown revenue by 26% in what it describes as the company’s most challenging year.In the 12 months to the end of March, the global trade software business recorded revenue of $6.2 million with a net loss after tax of $8m.That’s compared to r...

Staff reporters 30 May 2024