Investors worry about interest rates – NZX50 droops

Investors worry about interest rates – NZX50 droops
Investors are waiting to see what the Reserve Bank does with interest rates. (Image: Getty)
Graham Skellern
Companies producing solid financial results – this time Gentrack – are being rewarded but the New Zealand sharemarket tumbled nearly 1% on interest rate worries.The S&P/NZX 50 Index fell sharply in the morning and then steadied in the afternoon to close at 11,993, down 106.73 points or 0.88%.There were 46 gainers and 83 decliners over the whole market with 35.77 million shares worth $130.2m changing hands.The Reserve Bank delivers its latest monetary policy statement on Wednesday with an expected 25 basis points increase in the...

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.