MARKET CLOSE: NZ shares fall as investors fear slow global recovery

MARKET CLOSE: NZ shares fall as investors fear slow global recovery
Dan Brunskill
New Zealand shares fell as a warning of slow economic recovery from the US Federal Reserve prompted a global retreat from equity markets. The S&P/NZX 50 Index fell 42.87 points, or 0.4 percent, to 10,745.16. Within the index, 27 stocks fell, 18 rose and were five unchanged. Turnover was $148 million. Overnight, investors heeded US Fed chair Jerome Powell’s warning of an “extended period” of weak economic growth, triggering a correction in markets pricing in a swifter recovery. Wall Street tumbled following the webcast speech, the S&P 5...

More Markets

NZME chief financial officer David Mackrell resigns, to join Sky TV
Markets

NZME chief financial officer David Mackrell resigns, to join Sky TV

NZME is losing one of its long-established executives as he switches to the top table at Sky Television.NZME chief financial officer David Mackrell has resigned and will join Sky as its new chief financial officer in January, the two publicly listed companies have revealed in sep...

Your mid-year investment health check
Markets

Simon Robertson: Your mid-year investment health check

What should you really be looking for from your fundie? 

Simon Robertson 05 Jul 2025
Tourism Holdings stalls as NZ sharemarket ends week on high
Markets Market Close

Tourism Holdings stalls as NZ sharemarket ends week on high

The NZ sharemarket bounced back as large-cap stocks balanced gains and losses.

Tom Raynel 04 Jul 2025