Eyes on govt package as volatility pummels markets

Eyes on govt package as volatility pummels markets
Rebecca Howard
Volatility remains off the charts with Wall Street down around 9 percent as markets continue to grapple with the ramifications of covid-19. The kiwi dollar meanwhile could be heading to parity against the Aussie.The Dow Jones Industrial average was down 9.6 percent, while the Nasdaq was down 8.9 percent and the S&P 500 was also down 9 percent at 8am in Wellington. Stocks in the US were pounded after the US Federal Reserve’s move to cut rates by 100 basis points and resume money printing yesterday amplified fear about the impact of the...

More Markets

NZX 50 ends the week down 1.5% in flurry of index reweighting
Markets Market close

NZX 50 ends the week down 1.5% in flurry of index reweighting

The S&P/NZX 50 index dropped 89.42 points, or 0.8%, to 11,682.39.

Paul McBeth 21 Jun 2024
KMD Brands guidance undershoots analysts' forecasts
Retail

KMD Brands guidance undershoots analysts' forecasts

Group sales between February and May have fallen 8.4% year-on-year.

Analysts downgrade Channel Infrastructure
Infrastructure

Analysts downgrade Channel Infrastructure

The move follows BP's selling its stake.

Ian Llewellyn 21 Jun 2024
NZ shares rally as economy edges out of recession
Markets Market close

NZ shares rally as economy edges out of recession

The S&P/NZX 50 index rose 100.62 points, or 0.9%, to 11,771.81.

Paul McBeth 20 Jun 2024