MARKET OPEN: Broad US rally to keep fuelling upbeat sentiment

MARKET OPEN: Broad US rally to keep fuelling upbeat sentiment
Rebecca Howard
 A broad rally on Wall Street will continue to fuel positive domestic sentiment while investors will be keeping one eye on an earnings report from SkyCity Entertainment Group. The Dow Jones Industrial Average was up 1.6 percent at 8am in Wellington while the S&P 500 was up 1.5 percent and the Nasdaq was up 1 percent. The “main catalyst appears to be expectations that central bank stimulus will persist for a long time,” said Westpac Bank economists. In the US, hope that policymakers might agree on additional fiscal stimulus this month w...

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Volatile stocks drive NZ sharemarket down nearly 0.5%
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Volatile stocks drive NZ sharemarket down nearly 0.5%

The S&P/NZX 50 Index closed at 12.844.59, declining 60.45 points or 0.47%.

Graham Skellern 05 Feb 2025
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Lyttelton Port result improves but CEO says it's not enough

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Rebecca Howard 05 Feb 2025
Sky CFO Ciara McGuigan resigns in surprise departure
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Sky CFO Ciara McGuigan resigns in surprise departure

Embattled broadcaster Sky TV is losing its chief financial officer with immediate effect.The pay-TV operator, facing a barrage of customer anger over poor satellite reception in recent weeks, announced the resignation of Ciara McGuigan on Wednesday.Her departure, effective immedi...

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The promise of big money can require extreme flexibility from ‘proprietors’.

Gregor Thompson 05 Feb 2025