MARKET OPEN: Nasdaq rally, China stimulus to spur buying interest

MARKET OPEN: Nasdaq rally, China stimulus to spur buying interest
Rebecca Howard
The domestic market is likely in for a better day as a tech-rally pushed the Nasdaq to another record high and China's central bank pumped more money into New Zealand’s largest trading partner. Both the Nasdaq and the S&P 500 benefited when chipmaker Nvidia Corp – due to report Wednesday in the US – was up about 7 percent after analysts raised their price targets, Reuters reported. The Nasdaq was up 1.0 percent at 8am in Wellington, the Dow Jones Industrial Average was down 0.3 percent and the S&P 500 was up 0.3 percent. Domestic inves...

More Markets

NZX lifts 0.2% as markets wait for US Fed decision
Markets Market Close

NZX lifts 0.2% as markets wait for US Fed decision

The S&P/NZX 50 gained 0.2% to 13,234.89 points on Tuesday.

Oceania forecasts sales lift as it targets debt
Property

Oceania forecasts sales lift as it targets debt

It said sales applications had lifted 23% between July and August.

New structure, powers for ComCom
Markets

New structure, powers for ComCom

Groceries, aviation, building supplies, digital services carparking all get a mention.

NZME shareholder Jim Grenon lifts investment in media firm
Markets

NZME shareholder Jim Grenon lifts investment in media firm

NZME shareholder and director Jim Grenon has lifted his investment in the media business for the second time in recent weeks, to just under 18%.A notice to the NZX on Monday stated Grenon had lifted his shareholding from 15.963% to 17.932%, after acquiring 3.7 million shares for...