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MARKETWEEK: Equity markets have a strong start to 2023
Auckland Airport // Warren Head // With inflation seemingly peaking in the latest data, and a possibly flatter trajectory for the Official Cash Rate, it was a solid week for equities. The New Zealand market is up 58.57 points for the week at 12,036.05. The transition...
ASX lifts into the weekend
The Australian sharemarket closed higher recording 4 weeks of consecutive gains and also reached 9 month highs, reports CommSec The ASX 200 lifted by 25.5 pts or 0.34 per cent to 7493.8 with eight (of 11) sectors gaining ground. Miners gave up early gains to close...
NZX Market Report 27.1.23
The NZ sharemarket continued to make steady upwards progress today, heading into a long weekend for Auckland Anniversary Day. The NZX50 rose 12.59 points to 12,036.05. Overnight, the Dow Jones continued its winning streak, rising 205.57 to 33,949.41 as hopes...
Business confidence bounces
27.1.23 Business confidence bounced 18 points in January in the latest ANZ business confidence survey Expected own activity also bounced, up 10 points to -16. “Business people appear to have come back from holiday in slightly better spirits” said Chief Economist...
US economic date to the fore
US equities, rates and the USD are all modestly higher, supported by a headline GDP print that was above expectations and initial jobless claims pointing to a robust labour market, says BNZ Markets. Domestic rates added to their post-CPI rally as the market pares back...
NZX Market Report 26.1.23
The equity market steadily moved upwards again today, cracking the 12,000 level on the NZX50 with a rise of 28.95 to 12,023.46. Overnight, the Dow Jones added 9.88 to 33,743.84. EBOS led the declines, with a 52c drop to %45.08 but after a strong run-up over $45 in...
‘Wettest half ever” says Mercury NZ
26.1.23 9.35am Mercury NZ’s latest quarterly operational update for the December 2022 quarter notes that it was the “wettest first half ever” for the energy gentailer. The company also notes Electricity spot prices collapsed during Q2, but Futures Prices are at or...
Kiwi dollar eases and AUD adds
The NZ dollar pushed a touch lower overnight extending yesterday’s mild underperformance. BNZ Markets’ senior market strategist Jason Wong commented, “NZD took a look at 0.6450 and opens this morning around 0.6470. AUD added more than 1% after the AU CPI, but gave up...
Aussie market snaps winning streak
The Australian sharemarket’s five-day winning streak (longest in six months) came to an abrupt end due to hotter than expected inflation, with the ASX 200 slipping by 22.1 pts or 0.3 per cent to 7468.3. It was a tentative start to trade, with the market running on the...
NZX Market Report 25.1.23
A relatively quiet day for the NZ sharemarket with an overall gain of 61.59 points on the NZX50 index to 11,994.51 driven by firming energy shares as a sector insulated from any recessionary fall-out. LIC released a half year result showing increased revenue but lower...
Market Trends
NZX Market Report 27.1.23
The NZ sharemarket continued to make steady upwards progress today, heading into a long...
NZX Market Report 26.1.23
The equity market steadily moved upwards again today, cracking the 12,000 level on the NZX50 with...
NZX Market Report 25.1.23
A relatively quiet day for the NZ sharemarket with an overall gain of 61.59 points on the NZX50...
NZ Market Report 24.1.23
Trading was quiet on NZX today, with the NZX50 shifting 15.50 points lower at 11,932.92 as...
NZ Market Report 21.1.23
The national sharemarket showed no signs of any unease at the impending change of NZ Prime...
NZ Market Report 19.1.23
The afternoon announcement of PM Jacinda Ardern that she would step down by 7th...

Overseas Sharemarkets
Kiwi dollar range-bound
The 3.55% level for the US 10 year proved a step too far and brought out buyers, with the bond...
Euro reaches 9-month high
Newsflow has been light to start the new week but the move higher in equities and bond rates seen...
Tech stocks lead US rise
US sharemarkets rose on Friday, lifted by technology stocks, notes CommSec. Shares in Netflix rose...
Business confidence bounces
27.1.23 Business confidence bounced 18 points in January in the latest ANZ business confidence...
US economic date to the fore
US equities, rates and the USD are all modestly higher, supported by a headline GDP print that was...
‘Wettest half ever” says Mercury NZ
26.1.23 9.35am Mercury NZ’s latest quarterly operational update for the December 2022 quarter...
Kiwi dollar eases and AUD adds
The NZ dollar pushed a touch lower overnight extending yesterday’s mild underperformance. BNZ...
Inflation under expectations …just
25.1.23 While inflation remained strong in December, it has fallen short of the RBNZ’s...
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