MARKET OPEN: Rising number of offshore covid cases likely to weigh

MARKET OPEN: Rising number of offshore covid cases likely to weigh
Rebecca Howard
 Any enthusiasm in the domestic market will likely be curbed by concerns about the rising number of covid-19 cases offshore. Wall Street was closed on Friday in the US to mark Independence Day but European share markets ended lower, with Germany’s DAX Index shedding 0.6 percent. Further rises in covid cases led most risk assets to fall overnight Friday, said Mike Shirley, senior trader at Kiwibank. While the US was closed, European bourses were open and selling, he said.  In the first four days of July alone, 15 US states have reported...

More Markets

NZX on front foot to start May as Infratil rises 3.5%
Markets Market Close

NZX on front foot to start May as Infratil rises 3.5%

The Australian benchmark is pulling away from the NZX 50. 

Gregor Thompson 01 May 2025
Bega Group to Fonterra: Let us bid
Primary Sector

Bega Group to Fonterra: Let us bid

Billionaire Twiggy Forrest is the largest shareholder of the Aussie dairy company.

Riley Kennedy 01 May 2025
Online sales drive Woolworths NZ Q3 sales growth
Retail

Online sales drive Woolworths NZ Q3 sales growth

Increasing customer preferences towards online purchasing are helping Woolworths boost New Zealand sales.The Australian grocery retailer told the Australian Securities Exchange (ASX) on Thursday that total NZ sales increased 4.8% to $2.19 billion in the three months to April 6, c...

Staff reporters 01 May 2025