MARKET OPEN: Budget in focus but weak Wall Street may cast shadow

MARKET OPEN: Budget in focus but weak Wall Street may cast shadow
Rebecca Howard
Domestic investors will be focused on Budget 2020, particularly any targeted help for the business sector, but the mood may be dampened by a sharp fall on Wall Street after US Federal Reserve chair Jerome Powell warned of extended economic weakness but ruled out using negative interest rates.Prime Minister Jacinda Ardern yesterday said New Zealand’s budget is about investment, not cutbacks and it will be a “jobs budget.”  There will be keen interest to see if there is any targeted help for sectors like the beleaguered tou...

More Markets

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
Forsyth Barr shifts Turners Automotive to neutral
Markets

Forsyth Barr shifts Turners Automotive to neutral

The company has delivered five consecutive years of record earnings.

Rebecca Howard 04 Jul 2025
Vital board backs Tait takeover
Markets

Vital board backs Tait takeover

Vital’s board has unanimously recommended that shareholders and option holders accept a full takeover offer from Tait Communications, despite their view that it undervalues the company.In May, Vital shares rallied after it disclosed that Tait, a Christchurch-based critical commun...

Gregor Thompson 04 Jul 2025