NZ market follows the US as investors wait for Fed’s decision

(Image: Getty)

Tue, 19 Sep 2023

New Zealand's benchmark share index headed downward on Tuesday, following US market sentiment as investors wait for the US Federal Reserve meeting later this week.The S&P/NZX 50 Index fell 52.5 points, or 0.5%, to 11,344.52. Turnover was $83 million. There were 45 gainers and 83 decliners on the main board.The US Federal Reserve meets over the next two days, and while it’s expected to pause rate hikes, CMC Markets analyst Tina Teng said the central bank’s stance on further moves could be “critical” for market tre...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Already a Subscriber ? Sign in here.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Primary Sector

'We sold the family home': Organic farm liquidated

The Ōamaru farm was set to be the subject of a Country Calendar episode.

Gregor Thompson 12:00pm

Markets

Genesis takes another step in increasing NZ's battery capacity

Grid-scale batteries add to the mix, but questions remain over economic viability.

Ian Llewellyn 11:30am

Genesis takes another step in increasing NZ's battery capacity

The Quiz Free

QuiznessDesk, Thursday, June 05

Known as the Rio Grande in the USA, what is it called in Mexico?Which US state is Tallahassee the capital of?How is trinitrotoluene better known?How many hours does a boxer have to reach the required weight if he fails to make the target weight on the official weigh-in? 1, 12 or...

The Quizmaster 9:15am