MARKET OPEN: Profit taking may be the flavour of the day, US jobs data in focus
By Rebecca Howard | Fri, 05 Jun 2020
Weaker offshore markets may spill over into New Zealand as investors look to lock in profits after several positive days. Wall Street is set to end its four-day rally ahead of the May non-farm payr...
MARKET OPEN: Ongoing rally likely to keep Kiwi investors buying
By Rebecca Howard | Thu, 04 Jun 2020
The local stock market and the kiwi dollar may continue to be benefit as optimism among investors about the global economic recovery from covid-19 gathers further momentum. “Risk markets continue...
MARKET OPEN: Markets gain as focus firmly on economic recovery
By Rebecca Howard | Wed, 03 Jun 2020
Signs of economic recovery may once again whet investor appetite as Wall Street continues to rally despite social unrest in the US. Tensions continued to escalate between US law enforcement and cro...
MARKET OPEN: Investors likely cheered by move to alert level 1, positive Wall Street
By Rebecca Howard | Tue, 02 Jun 2020
The domestic market may gain on news that New Zealand could normalise nearly all activity sooner than expected and after Wall Street ticked up with US investors shrugging off domestic unrest and focus...
MARKET OPEN: Trading may end week on tentative note
By Rebecca Howard | Fri, 29 May 2020
Trading may be tentative after Wall Street pared its gains on news that US President Donald Trump will hold a news conference on China on Friday. Wall Street turned negative on the news and the Dow...
Filled jobs fell in April, confidence survey points to more losses
By Rebecca Howard | Thu, 28 May 2020
A record number of people lost their jobs in April when much of the country was in lockdown and more job losses are expected, according to ANZ Bank’s latest business outlook survey. Filled jobs fel...
Synlait trims forecast as covid-19 threatens to hit demand
By Rebecca Howard | Thu, 28 May 2020
Synlait Milk lowered its forecast milk payout for the season just ending and was conservative going forward as dairy prices drop and the covid-19 outbreak threatens to bite into demand. The milk pr...
MARKET OPEN: Economic recovery hopes trump US-China trade tensions
By Rebecca Howard | Thu, 28 May 2020
A positive night on Wall Street may once again cheer domestic investors as optimism about an economic recovery from covid-19 continues to outweigh any US-China jitters for now. The Dow Jones Indust...
Jarden warns investors to be wary of Air NZ dilution
By Rebecca Howard | Wed, 27 May 2020
Jarden lowered its rating on Air New Zealand to underperform and slashed its 12-month target price by 11.6 percent as it warned investors to be aware of the very real prospect of material shareholder...