MARKET OPEN: Wall Street bounce may cheer investors
Local markets may be cheered by a bounce on Wall Street on hopes more stimulus will be offered to help the US weather the impact of covid-19. The Dow Jones Industrial Average was up 2 percent at 8am in Wellington while the Nasdaq was up 2.8 percent and the S&P 500 was up 2.3...
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Don't bank on dairy saving the day
New Zealand’s primary sector exports – dairy in particular – may help weather the covid-19 storm but a sharp fall in global growth coupled with a spike in unemployment could see demand go down the drain. “New Zealand has always been dependent on agriculture and is even more so n...
A2 Milk gets a temporary boost from covid-19
A2 Milk's profit margin is getting a temporary boost as consumers stock up, the kiwi dollar slides and overhead costs are down.“We are now able to confirm that our revenue for the three months to March 31, 2020 was above expectations” on strong revenue growth across all key r...
MARKET OPEN: Sliding dairy, oil prices to cast pall over investors
Weak dairy prices and ongoing fears over the collapse in oil prices are likely to weigh on local markets today as investors fret over the impact on the domestic economy. West Texas Intermediate futures for May delivery - which settle with the physical delivery - went into neg...
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