WAKE UP NZ: Improving covid-19 numbers spur global rally

WAKE UP NZ: Improving covid-19 numbers spur global rally
Rebecca Howard
Local markets may fare better today after an overnight rally on Wall Street and in Europe was spurred on by signs that the covid-19 outbreak may be near a peak in Italy, Spain and New York. Germany’s Dax added 5.8 percent overnight and the S&P500 was up 7 percent at 8am in Wellington, while the Dow Jones Industrial Average was up 7.7 percent and the Nasdaq advanced 7.3 percent. The pace of new covid-19 deaths slowed in Spain for the fourth the day on Monday and Italy also reported its lowest level of new cases in two weeks, according to T...

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Mainfreight, China optimism drive stocks higher
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Mainfreight, China optimism drive stocks higher

Optimism for a thaw in US-China trade relations gave the NZ sharemarket a positive lift.

Jamie Gray 02 May 2025
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Manawa says Prime's latest default will not hurt the company further

Manawa Energy says the regulators' move to stop a defaulting retailer from trading will have no further impact on its earnings.In August 2024, Manawa stated that an unnamed electricity retailer had defaulted on its payment obligations to Manawa.It was later revealed that this...

Ian Llewellyn 02 May 2025
'Well played, Don': Mainfreight shares spike 12%
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'Well played, Don': Mainfreight shares spike 12%

The freight company expects its full-year results to exceed the market consensus.

Oliver Lewis 02 May 2025