Markets

MARKET OPEN: Fed review, pre-election forecasts hang over local market

Rebecca Howard
Wed, 16 Sep 2020

Local investors will be tentative after muted trading on Wall Street as the US Federal Reserve's upcoming policy review promises to reinforce the low-rate message.  Meanwhile, the New Zealand government's big reveal of its fiscal position ahead of next month's election is expected to show the immediate hit to the economy wasn't as bad as feared, although climbing out of the hole will be a tougher slog.    The Dow Jones Industrial Average was virtually flat at 8am in Wellington while the Nasdaq was up 1.2 percent and the S&P 500 was up 0.6...

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Markets
MARKET CLOSE: Kiwi falls on economic concern
Dan Brunskill | Thu, 24 Sep 2020

The kiwi dollar sank to its lowest level since late August as the safe-haven US currency continued to attract buying amid a sustained equity sell-off due to fears of recession.  

Policy
ELECTION 2020: Scared or excited about a Labour-Green govt?
Paul McBeth | Thu, 24 Sep 2020

Finance professionals have grown comfortable with Grant Robertson over the past three years. Will a new governing arrangement change that?

Law & Regulation
The FMA is running out of patience
Dan Brunskill | Thu, 24 Sep 2020

Financial services firms that keep failing compliance tests can expect to end up in court, says the FMA boss, Rob Everett.

Partner Content
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