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

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