MARKET OPEN: There may be 'light at end of tunnel'

MARKET OPEN: There may be 'light at end of tunnel'
Rebecca Howard
An improving global mood, combined with a lift in dairy prices, may spur some tentative, positive domestic trading. US markets were largely unchanged as the number of new cases there showed early signs of plateauing. The US surgeon-general said there may be fewer deaths than originally projected and “there’s light at the end of this tunnel.” The Dow Jones Industrial Average was down 0.2 percent 8am in Wellington, while the S&P 500 was down 0.2 percent and the Nasdaq was down 0.3 percent.  The domestic market may also continue to be buo...

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NZ sharemarket falls nearly 0.5%
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The S&P/NZX 50 Index closed at 11,745.53, down 49.28 points or 0.42%.

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Contact expects strong FY25 as projects near completion
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Contact Energy expects to report "materially higher" earnings for the year to June 30, 2025. The company said normalised and expected earnings before interest, tax, depreciation, amortisation and fair value adjustments (ebitdaf) for FY2025 were expected to be $770 million, well a...

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Aus: Tax cuts, rates chatter to play into consumer sentiment
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Aus: Tax cuts, rates chatter to play into consumer sentiment

Consumer and business confidence surveys are due out this week. 

AAP 08 Jul 2024