The Latest
Confidence falls in most regions
Regional economic confidence remained down in the dumps over the June quarter, with all regions now in pessimistic territory in the latest Westpac McDermott Miller Regional Confidence survey. The largest declines were seen in Auckland, reflecting both cost-of-living...
Weaker US markets
Risk appetite has deteriorated, not helped by a weaker US consumer confidence print. Commen ts BNZ Markets. US equities are down 2-3% while the USD is broadly stronger. The NZD is the weakest performer overnight, falling below 0.6250. European rates are higher on...
NZ Rural Land shortfall bookbuild ends
New Zealand Rural Land Company Ltd has completed the retail shortfall bookbuild component of its 1 for 5 accelerated pro rata renounceable entitlement offer. The Retail Bookbuild raised approximately $2.3 million, bringing the total raised via the Offer to...
Commodities rally lifts ASX
28.6.22 A rebound in key commodities overnight helped the Aussie market secure its fourth straight win, with the ASX 200 finishing 57.6pts or 0.86 per cent higher, to 6763.6. Materials and Energy stocks added 3.6 per cent and 3.0 per cent, respectively, and did most...
Market Report 28.6.22
NZ shares continued trading on a positive note today with the NZX50 gaining 20.70 pts at 11,018.62. Overnight, the Dow Jones had dipped 62.42 to 31,438.26. The major news of the domestic day was the clearance by the ComCom for Ampol Ltd to divest Gull NZ assets in...
Ampol sells Gull for $500m+
28.6.22 12.00pm (Updated 7.30pm) Ampol Ltd has confirmed today that the sale of its Gull business in New Zealand (Gull) to a transaction vehicle entity of Allegro Funds Pty Ltd (Allegro) has become unconditional. The transaction was subject to conditions including...
Export to Germany step for Rua Bioscience
28.6.22 Rua Bioscience has received its narcotic licence through Nimbus Health GmbH for distribution and marketing of its first product for the German medicinal cannabis market . An application to extend the narcotics license of Nimbus Health GmbH to include Rua’s...
Kiwifruit harvest 2022 in the bin
The 2022 harvest of New Zealand’s largest horticultural produce, kiwifruit, is now largely complete with almost all 2,800 growers’ orchards from Kerikeri in the north to Motueka in the south picked for consumers. The 2022 season was expected to have a record-breaking...
Kiwi eases and rates reverse course
It has been a quiet start to the week with little newsflow to perturb the market, notes BNZ Markets this morning. Global rates markets have reversed course after last week’s strong rally, seeing yields much higher across Europe and the US, says Jason Wong, senior...
Market Report 27.6.22
Saturday’s surge on New York market – in expectation that interest rates will not be increased to the extent feared – spilled over to the NZ market this morning. The NZX50 was to close 184 points higher at 10,997.92. A handful of declining stocks didn’t amount to...
Market Trends
Market Report 28.6.22
NZ shares continued trading on a positive note today with the NZX50 gaining 20.70 pts at...
Market Report 27.6.22
Saturday’s surge on New York market – in expectation that interest rates will not be increased to...
Market report 22.6.22
The NZ sharemarket has closed the shortened Matariki holiday week with another sound...
Market report 22.6.22
The NZ sharemarket showed a lack of confidence today after the week so far has produced a...
Market report 21.6.22
With no trading on Wall Street due to a national holiday there was little external...
Market report 20.6.22
After the fireworks of last week, the week’s trading opened cautiously today as investors...

Overseas Sharemarkets
MARKETWEEK: Brighter stars for equities this week
The stars of Matariki (Courtesy NASA) 26.6.22 // Warren Head // The big economic questions of the...
Quieter week ahead after a wild ride
20.6.22 On Friday, net changes in equities and rates were modest by recent standards, but this...
Flurry of market moves – equities slide
17.6.22 There have been some chunky moves in financial markets, in the aftermath of the...
Confidence falls in most regions
Regional economic confidence remained down in the dumps over the June quarter, with all regions...
Weaker US markets
Risk appetite has deteriorated, not helped by a weaker US consumer confidence print. Commen ts BNZ...
Kiwi eases and rates reverse course
It has been a quiet start to the week with little newsflow to perturb the market, notes BNZ...
Less worry about hard landing
27.6.22 Risk sentiment improved at the end of last week, with evidently less concern about...
Risk appetite wanes on markets
The AUD and NZD have been the weakest performers over the past 24 hours. NZD has recovered to just...
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