MARKET OPEN: Second covid wave may keep investors sidelined

MARKET OPEN: Second covid wave may keep investors sidelined
Rebecca Howard
Risk aversion may hang over the domestic equities market today as concerns grow at the potential economic impact of a second wave of covid-19 infections. Wall Street’s major indexes tumbled more than 2 percent on Friday as several US states re-imposed business restrictions in response to a surge in coronavirus cases. Texas and Florida ordered bars to close again. Meanwhile, President Donald Trump's re-election campaign team postponed Vice President Mike Pence's events in Florida and Arizona this week "out of an abundance of caution," a ca...

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NZ stocks end firmly as outlook brightens
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NZ stocks end firmly as outlook brightens

Improved, post-results season sentiment drove NZ stocks higher.

The Warehouse Albany and Silverdale could be first in line for store revamp
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The Warehouse Albany and Silverdale could be first in line for store revamp

The Warehouse’s Albany and Silverdale stores could be first in line to undergo an interior revamp, according to chief executive Mark Stirton, who gave an update to shareholders at the company’s annual meeting on Friday.The meeting covered everything from the company’s 2025 financ...

Westpac cops $3.64m penalty for lender responsibility breaches
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Westpac cops $3.64m penalty for lender responsibility breaches

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New Talisman in trading halt
Markets

New Talisman in trading halt

New Talisman Gold Mines has been placed in a trading halt because of its financial position.The mining company requested the halt, saying the board must meet “to consider the company’s current financial position and its strategic path forward”.“The board cannot reach a conclusion...