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While you were sleeping Fed positioning stalls rally
By Margreet Dietz Dec. 11 (BusinessDesk) – Stocks on both sides of the Atlantic fell, pushing the Standard & Poor’s 500 Index down from a record-high close, as investors positioned themselves ahead of next week’s US Federal Reserve meeting. In afternoon trading in New York, th...
MARKET CLOSE NZ shares fall as Fonterra units cut to sell; Wynyard, tech stocks gain
Dec. 10 (BusinessDesk) – New Zealand shares fell as a brokerage put a sell rating on Fonterra Shareholders’ Fund ahead of what’s expected to be a hike to its forecast milk payment tomorrow. Wynyard Group, Xero and Diligent Board Member Services rose. The NZX 50 fell 11.8 points...
NZ dollar may gain as Chinese data, Fonterra forecast loom
By Paul McBeth Dec. 10 (BusinessDesk) - The New Zealand may gain with more Chinese economic data coming later today and amid expectations Fonterra Cooperative Group will announce a hike in its forecast payout to farmers tomorrow. The kiwi traded at 82.90 US cents at 5pm in We...
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