Uncertainty persists in financial markets as virus cases mount

Uncertainty persists in financial markets as virus cases mount
Rebecca Howard
Investors are likely to remain highly nervous despite massive government support packages as the worldwide number of coronavirus cases and deaths continue to rise. US stock markets ended in the red on Friday with the S&P 500 down 3.4 percent, the Dow Jones Industrial Average down 4.1 percent and the Nasdaq down 3.8 percent. That followed New Zealand's NZX snapping a three-day rally on Friday as the impact of the national shutdown became increasingly apparent. New Zealand now has 514 confirmed and probable cases and its first death....

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NZ sharemarket falls nearly 0.5%
Markets Market close

NZ sharemarket falls nearly 0.5%

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

Contact expects strong FY25 as projects near completion
Markets

Contact expects strong FY25 as projects near completion

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...

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

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

Consumer and business confidence surveys are due out this week. 

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