MARKET CLOSE: NZ shares fall as smelter rumour put to bed, power companies drop
By Dan Brunskill | Fri, 07 Aug 2020
New Zealand shares fell after Rio Tinto quashed rumours production was ramping up at the Tiwai Point aluminium smelter; Fisher & Paykel Healthcare fell after rival ResMed reported disappointing earnin...
MARKET OPEN: Domestic investors waiting for offshore cues
By Rebecca Howard | Fri, 07 Aug 2020
Domestic investors will tread water today as global markets await progress on the US stimulus package although a better night on Wall Street may spur some buying. Investors are looking to the next...
MARKET CLOSE: NZ shares flat as Tiwai smelter rumours swirl
By Dan Brunskill | Thu, 06 Aug 2020
New Zealand shares edged higher as rumours of negotiations to delay closing the Tiwai Point aluminium smelter pushed Contact Energy and Meridian Energy higher. Exporters A2 Milk and Fisher & Paykel He...
MARKET OPEN: Kiwi holds its own as greenback falters, US equities push higher
By Rebecca Howard | Thu, 06 Aug 2020
The kiwi dollar continues to hold its own as the greenback is weighed down by poor US data while the domestic share market may take cheer from a lift on Wall Street after positive earnings reports. ...
MARKET CLOSE: Shares fall, gold soars on global uncertainty
By Dan Brunskill | Wed, 05 Aug 2020
New Zealand shares edged lower and gold hit another record as investors focused on the lingering uncertainty caused by the number of coronavirus cases continuing to rise globally. The S&P/NZX 50 In...
MARKET OPEN: Local investors face uphill day as dairy prices slide, jobs report looms
By Rebecca Howard | Wed, 05 Aug 2020
Local investors will be struggling to find any good news today after dairy prices fell the most this year in the overnight auction, and ahead of labour data set to show a spike in unemployment through...
MARKET CLOSE: NZ shares join Asian rally on strong US, European manufacturing
By Dan Brunskill | Tue, 04 Aug 2020
New Zealand shares joined a rally across Asia as better than expected US and European manufacturing figures revived investors' confidence in the global economy. Fisher & Paykel Healthcare led the mark...
Weaker NZ dollar lifts off its lows after RBA more upbeat
By Jenny Ruth | Tue, 04 Aug 2020
The weaker New Zealand dollar lifted off its lows after the Reserve Bank of Australia maintained its settings and reiterated its commitment "to do what it can to support jobs, incomes and businesses i...
MARKET OPEN: Wall Street rally may spur domestic enthusiasm
By Rebecca Howard | Tue, 04 Aug 2020
The domestic market may open higher after Wall Street rallied on merger and acquisition activity and an improving manufacturing picture. The Nasdaq was up 1.5 percent at 8am in Wellington, while th...
MARKET CLOSE: NZ shares fall as Aussie lockdown bites
By Dan Brunskill | Mon, 03 Aug 2020
New Zealand shares fell as new lockdown measures - placed over parts of Australia to stem a resurgence of covid-19 - weighed down financial and travel stocks on the local market. Fruit exporter Scales...