Markets Market Close

NZ shares down as US Fed signals hikes

Dan Brunskill
Thu, 16 Dec 2021

NZ shares down as US Fed signals hikes
Dan Brunskill
Thu, 16 Dec 2021
The US Federal Reserve’s signal it would hike interest rates and data showing the local economy shrank 3.7% in the September quarter helped push the NZ sharemarket lower.The S&P/NZX 50 Index fell 91.8 points, or 0.7%, to 12,777. Turnover was $135 million.While both news events are highly negative for equity prices, neither were unexpected and US stocks rallied after the Fed’s announcement – investors thought it could have been even more hawkish.The US central bank will stop buying bonds in March and will likely increase in...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

‘Greenwashing window’ is closing as FMA prepares hard look at sustainability claims
Dan Brunskill | Fri, 08 Jul 2022

The Financial Markets Authority has been reviewing ESG-labelled funds and is expected to ratchet up its enforcement of any unable to back up their claims.  

Charities FREE
Jenny Gill: Guardian of the givers
Denise McNabb | Fri, 08 Jul 2022

Business of charity – We talk to Jenny Gill, a pioneer of the charities sector.

Markets FREE
Eroad shares on the road to recovery
Ella Somers | Thu, 07 Jul 2022

Jarden wealth management director Greg Main said Eroad was continuing its “recent recovery” and rising strongly after being heavily sold down.

How can Kiwi small business owners manage rising inflation?

Xero MD Craig Hudson says small businesses have been hit with a triple whammy.

Digital innovation could shape the future of NZ

The digital age allows us to collaborate on some of our greatest scientific and environmental challenges