MARKET OPEN: Dovish Fed may cheer markets; eyes on tech heavyweights

MARKET OPEN: Dovish Fed may cheer markets; eyes on tech heavyweights
Rebecca Howard
Domestic investors will likely be cheered by a better night on Wall Street after the US Federal Reserve reiterated its pledge to keep rates low for as long as necessary. The target range for the federal funds rate is 0 to 0.25 percent and the bank's open market committee "expects to maintain this target range until it is confident that the economy has weathered recent events and is on track to achieve its maximum employment and price-stability goals,” the Fed said in a statement after its two-day meeting. “There was nothing actually new i...

More Markets

F&P Healthcare drop leads NZX lower, rural stocks show strength
Markets Market Close

F&P Healthcare drop leads NZX lower, rural stocks show strength

Rural services group PGG Wrightson rose 14c or 6.9% to $2.17. 

Jamie Gray 11 Jul 2025
Tait won’t up its offer for Vital ‘under any circumstances’
Markets

Tait won’t up its offer for Vital ‘under any circumstances’

Suitor says offer is ‘at the maximum’ of its assessment of target’s value.

Rebecca Howard 11 Jul 2025
Lights, camera, cashflow: Forsyth Barr upgrades Vista
Markets

Lights, camera, cashflow: Forsyth Barr upgrades Vista

Analysts also lifted their 12-month target price by 5% to $4.30.

Rebecca Howard 11 Jul 2025
Vital holder slams takeover valuation report
Markets

Vital holder slams takeover valuation report

Matt Goodson says the Grant Samuel report was ‘particularly uninformative’. 

Gregor Thompson 11 Jul 2025