MARKET OPEN: A better mood on Wall Street may spur some local buying

MARKET OPEN: A better mood on Wall Street may spur some local buying
Rebecca Howard
Improving sentiment on Wall Street could spill over into the domestic equities market, particularly as investors digest the massive stimulus announced in yesterday’s budget. Wall Street was in positive territory despite dire data, ongoing US-China tensions, downbeat comments from the US Federal Reserve and an ousted health official testifying that the US could face its “darkest winter” if it doesn't improve its response to covid-19. Labor Department data showed initial claims for state unemployment benefits totalled a seasonally adjusted...

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NZ sharemarket rallies, ends day up 0.6%
Markets Market Close

NZ sharemarket rallies, ends day up 0.6%

The S&P/NZX 50 Index closed at 12,989.18, up 83.2 points or 0.64%.

Graham Skellern 14 Feb 2025
Toy entrepreneur quashes spec of NZME takeover
Finance

Toy entrepreneur quashes spec of NZME takeover

Zuru founder Nick Mowbray says a report speculating he could take over private media company NZME is wrong. On Friday morning, The Australian’s Data Room said “some wealthy Kiwis” were plotting to do something about the state of New Zealand’s media industry and cited Mowbray as a...

Victoria Young 14 Feb 2025
Below-normal rainfall sees NZ hydro storage drop to 91%
Markets

Below-normal rainfall sees NZ hydro storage drop to 91%

Last month was the second-driest January on record.

Staff reporters 14 Feb 2025
Gentailers' earnings: Don't look back in anger
Markets

Gentailers' earnings: Don't look back in anger

Reporting season will be about the winter past and the winter to come.

Ian Llewellyn 14 Feb 2025