The Latest
Market Report 12..22
The NZ sharemarket closed off the week with a 29.49 points fall to 11,730.52. Overnight, the Dow Jones had reflected investors’ confidence after some strength in recent weeks. The Dow added 27.16 points at 22,336.67 – but the session had been 266 points higher in...
ASX broadly higher
The Aussie sharemarket briefly hit fresh 2-month highs earlier in the session, with the ASX 200 finishing 78.3 points or 1.12 per cent higher to 707, records CommSec. Ten of 11 sectors finished higher, with the Materials (up 1.5 per cent) and Financials (up 1 per...
Market Report 11.8.22
It may be a mystery for some investors as to why a 535 point advance on the Dow Jones last night (to 33,309.51, +1.63%) is followed by a feeble 7.92 points rise in the NZX50 today at 11,760.01. The answer is that the causes of the American stockmarket leap are purely...
House prices in descent
The latest REINZ report revealed a further cooling in the housing market. House sales (July month): 4,822* Monthly % change: -3.1% (Prev month -11.2%) Annual % change: -36.7% (Prev month -36.1% House Price index* Monthly % change: -1.7% (Prev month -1.0%) Annual %...
Higher pay-out by Vital Healthcare
11.8.2 Vital Healthcare Property Trust has increased the distribution rate on its listed units as part of the results for the June 2022 year. NorthWest Healthcare Properties Management Limited (NorthWest), the manager of Vital, confirmed 9.625 cents per unit (cpu)...
Rakon guidance for strong FY23
11.8.22 Rakon, which manufactures frequency control and timing solutions, expects Underlying EBITDA for the March 2022 year to range between $36 million and $44 million, it advised NZX this morning, ahead of its annual meeting today. Even at the bottom of this range,...
Market reacts to lower US CPI
For a change, US CPI inflation surprised to the downside and this triggered a significant market reaction, says BNZ Markets this morning. US short end rates are lower but the 10-year rate is back to flat on the day after an earlier fall, said Jason Wong, senior...
Weaker trading on ASX
10.8.22 The Aussie sharemarket remained in negative territory throughout the session, was down by as much as 0.6 per cent in early trade, before the ASX 200 finished 37.1 points or 0.53 per cent lower to 6992.7, notes CommSEc. Today’s loss erased gains recorded over...
Market report 10.8.22
The NZ sharemarket flat-lined today with a 1.39% drift to 11,752.09. In the US the Dow Jones Industrial Average edged 58.13 points down to 32,774.41. A2 Milk received a mild rebuff from the US agency reviewing IMF applications from producers of infant milk formula,...
US defers IMF reviews
The a2 Milk Company (advised that earlier today it received notification from the US Food and Drug Administration (FDA) that, at this time, the FDA is deferring further consideration of the company’s request for enforcement discretion to import infant milk...
Market Trends
Market Report 12..22
The NZ sharemarket closed off the week with a 29.49 points fall to 11,730.52. Overnight, the Dow...
Market Report 11.8.22
It may be a mystery for some investors as to why a 535 point advance on the Dow Jones last night...
Market report 10.8.22
The NZ sharemarket flat-lined today with a 1.39% drift to 11,752.09. In the US the Dow Jones...
Market report 9.8.22
A cautious but constructive session on NZX today saw a number of good gains made across a broad...
Market report 8.8.22
There was a good range of share price moves on NZX today with the NZX50 ultimately finishing down...
Market Report 4.8.22
Wall Street had another of those rip-snorting days, racing 416.33 points higher at...
Overseas Sharemarkets
KIwi steady on quiet session
10.8.22. It has been another quiet trading session with little newsflow, and market nerves ahead...
Choppy day on US market
US sharemarkets were choppy on Monday, noted CommSec. “Investors digested news that the US$430...
AIFC earnings bound ahead
25.7.22 Australian Foundation Investment Corporation reported preliminary annual results today and...
House prices in descent
The latest REINZ report revealed a further cooling in the housing market. House sales (July...
Market reacts to lower US CPI
For a change, US CPI inflation surprised to the downside and this triggered a significant market...
KIwi steady on quiet session
10.8.22. It has been another quiet trading session with little newsflow, and market nerves ahead...
Kiwi dolar trades higher
9.8.22 9.It has been a slow start to the week with little newsflow; the market has reversed some...
Higher US bond yields lift US dollar
A very US strong nonfarm payrolls – across jobs growth, unemployment, and wages – triggered a big...
Videos
Weekly Economic Insight from Michael Gordon, Acting Chief Economist, Westpac NZ
Markets
NYSE-Nasdaq Markets