Upbeat markets banking on massive US stimulus; kiwi jumps

Upbeat markets banking on massive US stimulus; kiwi jumps
Rebecca Howard
The prospect of a US$2.2 trillion coronavirus relief bill continues to cheer investors overseas, driving a sharp lift in the kiwi dollar and putting the local market on track to rise for a fourth straight day. The US senate overwhelmingly approved the relief bill as covid-19 cases in the US continue to mount. It now goes before the House of Representatives, where it is also expected to pass with bipartisan support. There are now 75,233 reported cases in the US although a Reuters/Ipsos poll indicates that number is probably significantly high...

More Markets

NZ sharemarket ends week up 0.5%
Markets Market Close

NZ sharemarket ends week up 0.5%

The S&P/NZX 50 Index closed at 12,995.01, up 66.63 points.

Graham Skellern 31 Jan 2025
Minority investors need stronger protection – NZSA
Markets

Minority investors need stronger protection – NZSA

Hotels takeover offer shows need for minority shareholders voting regime. 

Rebecca Howard 31 Jan 2025
Receivers launch webpage for potential buyers of Ubco
Markets

Receivers launch webpage for potential buyers of Ubco

'Savvy investors' invited to secure Kiwi electronic-motorbike 'ingenuity'.

John Anthony 31 Jan 2025
Cannabis rule change having impact
Primary Sector

Cannabis rule change having impact

Regulatory changes in NZ and Germany have made NZ products more available worldwide.

Murray Jones 31 Jan 2025