The shine went off the equity markets today, with NZ, the US and Australian markets all marked lower.  The NZX50 closed down 129.04 points to 13,295.91. The midweek dairy auction continued to post lower prices. The September current account deficit was higher at 43.78bn. In Australia the ASX All Ords dropped 6.40 to 8874.20. In the United States, a higher jobs number saw unemployment at 4.6%. In NZ, the heavyweights were pruned of some recent growth, EBOS reversing into a loss of...

  The economic recovery is now a multi-year event that will not see the NZ government back in fiscal surplus until 2029. Treasury announced its half year fiscal update this afternoon. Overnight the US markets weakened on concerns around the scale of investment being diverted into AI development, risk of higher inflation emanating from the US tariff pass-through into consumer prices, and unresolved geo-political issues. The Dow Jones dropped 41.49 at 48,416.56, the S&P 500 10.90 to...

    The NZ national sharemarket pedalled ahead on an even path today, with gainers out-shading decliners by a small margin. The NZX50 Gross Index ended the trading session up 1.2 points at 13,408.14. Westpac today released a note outlining its expectation for a 0.9% rise in GDP for the September quarter, an upgrade from their previous forecast of 0.6%.  “This is substantially stronger than what much of the high-frequency data has been signalling in recent months,’ said senior...

The NZ sharemarket underwent a trimming session today as several leading stock were sold lower. Mainfreight dropped 50c to $66.75 and Infratil fell 24c to $11.46. F&P Healthcare was down 17c at $37.89 and Gentrack backtracked 18c at $9.40. Fletcher Building lost 12c to $3.58, as did Port of Tauranga at $7.53 and Summerset at $11.82. Sky Network TV was down 10c to $3.35 and a2 Milk 9c to $10.18 However, EBOS turned a weaker trend around and rose 43c to $27,87, while Vulcan Steel bounded 45c...

The NZ sharemarket finished the trading session today off 31.54 points at 13,457.78 on the NZX5o Gross Index. In Australia the ASX All Ords closed at 8875.80, down 38.20. In the US, the Dow Jones fell 215.67 to 47,739.32, the S&P 500 23.89 to 6846.51 and the NASDAQ market shed 32.22 at 23,545.90. F&P Healthcare shed 13c today at 38.06 and Vulcan Steel reinforced that fall with its own drop of 34c to $7.85. Westpac shed 48c at $43.30 and ANZ 14c at $39.16. EBOS lost a further 25c at...

The NZ sharemarket closed off a soft week, with a 31 points fall on Friday to 13,483.99 on the NZX50, with the market fairly lean on news flow.  Gentrack pulled down the market indices with a 59c or 5.91% drop to $9.40 a share.  F&P Healthcare shed 26c at $37.94, a2 Milk was down 22c to $10.51 and Turners Auto fell 19c to $7.70. Lesser falls were made by Contact Energy -112 at $9.39, Delegat down 11c at $4.62, Summerset off 16c at $12.15 and a2 Milk down 22c to $10.51. Scales Corp gained...

A muddled session on NZX today saw several heavyweight stocks trimmed back while midcaps and Aussie banks improved in valuation. The NZX50 slipped 66.91 at 13,515.62. In Australia the ASX All Ords rose 12.30 to8906.20. On Wall Street the mood has shifted to a bullish stance in anticipation of a future further reduction in interest rates. The Dow Jones jumped 408.44 to 47,882.90, the S&P 500 rose 20.25 at 6849.72 and the technology market index NASDAQ added 40.42 to 23,454.09. New Zealand's...

Equity markets fell across several bourses either overnjght or during today, with some of the reasons related to US concerns around the possibility (or otherwise) of an interest rate reduction.  The Dow Jones drooped 427 points overnight to land at 47,289.33, while the S & P 500 slipped 36.46 to 6812.63 and NASDAQ shed 89.76 at 23,275.92.  In the UK the FTSE-100 fell 37.89 to 4969.02. Profit-taking trimmed NZX leading stocks. Mainfreight went backwards by 87c to $67.05 on NZX, and Gentrack...

  The NZ sharemarket firmed strongly tod with investors emboldened by the reduction in the central bank’s cash rate and positive MPC comments on an economic recovery starting. The NZX50 gained 81.61 points to 13,532.01. The RBNZ has cut the Official Cash Rate by 25bp to 2.25% and emphasised significant excess capacity in the economy. This provides confidence that medium-term inflation will return to, and remain around, the target midpoint. The economic recovery is considered at an early...

The NZX market ended lower today as global attention swing back onto the US markets where hopes of a rate cut next week fuelled a strong rise across all indices. NZ actually has its own central bank monetary decision on the Official Cash Rate tomorrow at around 2pm, and investors here are also hoping on a rate cut albeit generally accepted to be 25 bps and against an economy that could again see inflation spike. The NZX%0 closed the session at 13,480.43 for a 19.40 points drop. In Australia,...

  The New Zealand market rallied in alignment with Asia and Australia today as the global financial wires carried the news that the A>I> boom of the mid 2020’s is NOT at an end. After trading hours in New York, chip maker Nvidia which produces the core semiconductors used in A.I. equipment announced a $57bn revenue quarterly score – at the upper end of its guidance. There had been huge anticipation that Nvidia needed to clinch the conviction that A.I. stocks may ultimately become...

The NZ sharemarket opened the week’s trading on a positive note as expectations rise of a further reduction in the Official Cash Rate by the Reserve Bank at its November meeting. On a geopolitical note, the weekend easing of the US tariff on beef exports to the United States has buoyed confidence in the export sector. The NZX50 rose 34.58 points today at 13,499.04. Summerset was the biggest improver, gaining 40c to $12.65, while Mainfreight out on 21c to $67.79 and Scales Corp 19c at $5.91....

  The NZ sharemarket looked like a pony being led by the nose at the Royal Show in Canterbury today as local share prices crumbled before the negative sentiment flowing off Wall Street overnight. The NZX50 index fell133.41 to 13,464.46. In Australia the ASX All Ords slid 127.60 to 8907.00. Various reports circulated in the US of Federal Reserve officials are showing further caution about expectations the Fed will again reduce interest rates. Inflation concerns have overtaken any earlier...

  The NZ sharemarket took profits off the table today while offshore the Wall Street market saw tech stocks under pressure and the Dow Jones Industrial leap to a record close. The NZX50 sank 73.86 to 13,597.87, while in Australia the ASX All Ords held 9034.50. The US Congress was voting this evening NZT on a resumption of government activity against the background of airports struggling with a backlog of travellers due to the reduction of air traffic services during the lockdown. The...

  Blue chip stocks EBPOS, Mainfreight, F&P Healthcare, ANZ and Westpac helped to drive the NZSE market to record highs today.The NZX50 closed off at 13,671.75, up 67.18. Mainfreight reported 1H26 revenue of NZ$2.61bn, up 2.1%, and NPAT of NZ$93.38m down 18.5%CEO Don Braid spoke of the need for patient hard work to find acceptable growth and profitability in the current market. The equities market looked through this interim, noting that the core New Zealand and Aussie businesses are...

  A brisk day’s trading opened the week for the NZX market, and the pace was set by leading industrials and finance. Mainfreight climbed $1.04 to $59.70 while ANZ Bank rose $1.31 to $43.85 on release of its annual results. The NZX50 closed the session at 13,617.48, up 8.27 points. In Australia the ASX All Ords rose 77.70 to 9109.40.  Gold traded at US$4,078.10, up US$68.30 an oz. Oil WTI traded at US$60.36/bbl. Gentrack climbed 27c to $8.88, a2 Milk rose 22c to $11.01 and Sanford 15c to $6.20....