NZ market follows the US as investors wait for Fed’s decision

NZ market follows the US as investors wait for Fed’s decision
(Image: Getty)
Ella Somers
New Zealand's benchmark share index headed downward on Tuesday, following US market sentiment as investors wait for the US Federal Reserve meeting later this week.The S&P/NZX 50 Index fell 52.5 points, or 0.5%, to 11,344.52. Turnover was $83 million. There were 45 gainers and 83 decliners on the main board.The US Federal Reserve meets over the next two days, and while it’s expected to pause rate hikes, CMC Markets analyst Tina Teng said the central bank’s stance on further moves could be “critical” for market tre...

More Markets

NZX 50 locks in 1.22% gain on high volumes
Markets Market Close

NZX 50 locks in 1.22% gain on high volumes

Restaurant Brands gained over 65% after a takeover notice.

New SkyCity CEO Jason Walbridge got pay package worth $2.6m
Markets

New SkyCity CEO Jason Walbridge got pay package worth $2.6m

SkyCity Entertainment Group chief executive Jason Walbridge got a pay package worth $2.6 million in the latest year, but chair Julian Cook said only $1.6m of that was in cash.The figures were released on Monday in the company’s annual report.That showed Walbridge’s remuneration f...

Finaccess bids to bucket KFC-owner Restaurant Brands
Retail

Finaccess bids to bucket KFC-owner Restaurant Brands

Finaccess Restauración wants the rest of the shares at $5.05 apiece.

ComCom gives provisional nod to Huntly deal
Markets

ComCom gives provisional nod to Huntly deal

It comes on the eve of Govt decisions on the electricity market.