Offshore sentiment drives local market

Offshore sentiment drives local market
(Image: Getty)
Graham Skellern
The fight against inflation is far from over. Global sharemarkets, including New Zealand’s, sold off sharply after the United States Federal Reserve indicated interest rates may need to go higher for longer. Following offshore leads, the S&P/NZX 50 Index fell at the opening and then traded steadily to close at 11,855.54, down 64.02 points or 0.54%. There were 60 gainers and 76 decliners on the main board with 24 million shares worth $117.14m changing hands. US Federal Reserve chair Jerome Powell told the Senate banking,...

More Markets

Vulcan Steel leads as reporting season approaches
Markets Market Close

Vulcan Steel leads as reporting season approaches

The S&P/NZX 50 Index closed 55.30 points higher at 12,889.38.

Jamie Gray 15 Aug 2025
Small cap spotlight: Blackpearl Group
Markets Small Cap Wrap

Small cap spotlight: Blackpearl Group

Founder Nick Lissette says it's patriotic to be listed, but hard work.

Competition law changing to allow 'beneficial collaboration'
Markets

Competition law changing to allow 'beneficial collaboration'

Confidential submissions to the Commerce Commission will get a 10-year OIA exemption.

Pattrick Smellie 15 Aug 2025
NZ sharemarket rises, Vista Group shares fall
Markets Market Close

NZ sharemarket rises, Vista Group shares fall

The New Zealand sharemarket was up on Thursday as most stocks on the main board lifted.

Tom Raynel 14 Aug 2025