MARKET OPEN: Investors may be cheered heading into Easter

MARKET OPEN: Investors may be cheered heading into Easter
Rebecca Howard
The final trading day before the four-day Easter weekend may be a positive one as investors remain hopeful that covid-19 containment measures are bearing fruit. Several badly affected European countries look to be reaching a peak in new cases. In New York – the epicentre of the epidemic in the US – the death toll continued to rise but governor Andrew Cuomo said overall trends still appeared positive, with the rate of hospitalisations down in the state, Reuters reported. “Improved risk sentiment in US markets continued. Markets are looking...

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NZ sharemarket falls 0.6% after Monday's surge
Markets Market close

NZ sharemarket falls 0.6% after Monday's surge

The S&P/NZX 50 Index closed at 13,113.19, declining 82.89 points or 0.63%.

Rocket Lab nabs Biden funding
Markets

Rocket Lab nabs Biden funding

Rocket Lab has hit a milestone by launching two Electron rockets within 24 hours.The New Zealand-American firm also said on Tuesday it had finalised US$23.9 million (NZ$41.3m) in Biden administration “Chips Act” funding.Proposed recipients of funding under the legislation, design...

Aroa posts $1.5m HY loss, forecasts annual profit
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Aroa posts $1.5m HY loss, forecasts annual profit

Auckland surgical products company is forecasting annual profit of between $2m to $6m.

Pacific Edge posts $14.5m loss
Markets

Pacific Edge posts $14.5m loss

The cancer diagnostics company is awaiting outcomes of several events.