Spreading coronavirus continues to dominate sentiment

Spreading coronavirus continues to dominate sentiment
Rebecca Howard
The coronavirus has now spread to around 50 countries and global equity markets continue to be hard hit on global growth concerns.“Equities fell, the greenback slid to the south as markets got a bit aggressive in their pricing in of a monetary policy response from their central banks,” said Kiwibank FX trader Mike Shirley. The latest move came when the Center for Disease Control and Prevention in the United States reported a new case of covid-19 in California that had no obvious links to China, suggesting the virus may be spreading in the US.Ma...

More Markets

Fletcher calls in the consultants as chair quits
Markets

Fletcher calls in the consultants as chair quits

Leaked letters reveal attempts to assuage shareholder concerns with one-on-one meetings.

Bruce Hassall gone as Fletcher Building chair
Markets

Bruce Hassall gone as Fletcher Building chair

He was meant to go at the company's annual meeting later this year.

Widespread downgrades from NZX reporting season
Markets

Widespread downgrades from NZX reporting season

Roughly four earnings downgrades to every one upgrade, analyst reveals.

Numbers and letters for investors
Markets

Simon Robertson: Numbers and letters for investors

A plea for standardised financial reporting from NZX-listed companies.

Simon Robertson 02 Mar 2024