Headliner NZX Market report 21.8.26
The big question this evening is whether the NZX market will feel the pressure up front on Monday following a sullen day on Wall Street where US markets sank on concerns over rising bond yields, or swerve around the turmoil and pick up today's upwards track US Treasury 30 year bonds hit 5.24% this evening and the 10 year yield was around 4.70%. The yields have generally headed higher this week as news broke of the US’s whopping $4 trillion debt burden. The WH has urged the Federal Reserve...
Headliner NZX Market Report 4.8.26
With US President Trump talking up the prospect of the Strait of Hormuz opening up as soon as tomorrow oil prices and bond rates dived, and equities soared on Wall Street overnight. Trump also signalled a restart to communications with Iran (which the latter denied had occurred). A buy on the dip rebound by the major US technology Mag 7 stocks helped carry key indices upwards: the Dow Jones climbed 693.38 points to 53,178.41, the S&P 500 added 110.78 at 7,600, a gain of +1.48%,...
Headliner NZX Market report 30.7.26
Wall Street worries spilled over into other markets today, including New Zealand, creating a bit of a sell-off. The Wall Street indices reflected (a) concern that the US Fed did not out up interest rates – leaving that to later (b) hyped up technology stocks funded by circular investment (b) and the problems of a wider conflict in the Middle East. The Dow Jones dropped -2.19% or 1,153.18 at 51,594.14, the DS&P 500 112 points to 6716.15 and Nasdaq 433.97 points at 24,442.94. Gold...
Headliner NZX Market Report 28.7.26
Global markets are perplexed about whether the lull in the US-Iran military offensives is likely to last or once more dissolve into confusion. Meanwhile (a) the war has widened to two chokepoints (b) a ceasefire also favours Iran’s eastbound oil shipments (c) Western insurance companies remain risk averse (d) increased volumes of crude oil on the sea include reserve drawdowns. This evening the global prices of crude oil have retreated to US$86.64/bbl for Brent crude and US$81.22/bbl for US...
HEADLINER NZX Market Report 24.7.26
There was an alarmed reaction by investors to higher oil prices following the Houthi attacks on Saudi oil tankers in the Gulf of Aden in midweek. Brent crude topped US$100 a barrel with a 7% overnight jolt, before easing off to US$98.64bbl this evening NZT, while West Texas Intermediate jumped to IS$90.60/bbl. The price surge may suggest higher internal prices for petrol and diesel – but there is a substantial supply of oil sloshing in world markets at present. Gold eased US$1.40/oz to...
Headliner NZX Market Report 23.7.26
The NZX market continued to hold forward momentum today, with the NZX50 index up 32.13 points to 13,795.31. In Australia the ASX All Ords index rose 13.20 to 9018.10 Mainfreight moved 25c lower at $63.75 and EBOS was off 20c at $231.909, while a2 Milk shed 14c at $8.39. Two listed ports lost some ground: Napier Port down 10c at $3.63 and South Port -10 at $8.40. Australian banks led the rally: ANZ gaining 80c to $43.50 and Westpac up 88c at $44.20, +2%. Freightways forged 45c ahead to...
Mixed market session on Wall St
21.7.26 Gold prices remain close to multi-month lows and stabilized to some extent amid a steady dollar and bond yields. ON markets overnight, gold eased slightly to US$4,012.40 an oz (NZ$6,917/oz). “However, the metal continues to face downside risks as ongoing tensions in the Middle East could push oil prices higher after a two-week rebound,” comments Frank Walbaum Market Analyst at Naga “Elevated energy prices could fuel inflation concerns and push Treasury yields higher, weighing on gold...
US equity markets move upwards
15.7.26 American financial markets exhaled outwards overnight in a softer inflation report and a back-down by President Trump from his plan to charge a 20% levy on cargo traversing the Strait of Hormuz That policy lasted less than 24 hours, noted BNZ Markets this morning. “This followed pushback from Gulf nation allies, with Trump instead claiming these nations would make trade and investment deals with the US,” says Jason Wong, senior markets strategist. “Brent crude peaked above US$87.50...
Trump declares ceasefire deal done
Monday 15.6.26 News from Washington DC that the outline of a peace agreement between the US and Iran has been agreed sparked a positive futures market reaction on US markets but a brief lift only on the NZX morning session. The US markets are closed until this evening – but will open cautiously. The ceasefire agreement is good news but brief. In New Zealand, where markets were among the first to open for the week, the NZX 50 jumped on opening to it reach 13,525 at noon, but then the ASX...
US stocks at record levels
28.4.26 Oil prices continue to climb, with Brent crude nearing USD110 per barrel, as the Strait of Hormuz remains closed and the US-Iran conflict persists, notes BNZ Markets this morning. Despite this, the USD has been broadly weaker since Friday’s NZ close, and the NZD is trading above 0.59, says senior market strategist Jason Wong “US equities are also at record highs.US Treasuries remain in a range, with the 10-year yield just above 4.3%. Risk sentiment improved late last week, fuelled by...
NZX Headliner Market Report 23.4.26
The geopolitical situation hung over several markets today including that of New Zealand. The S&P/NZX 50 Index fell 0.47% or 60.67 points to close at 12,884.93. Markets were uneasy across Asia after Iran seized two ships in the Strait of Hormuz, shortly after US President Donald Trump said he was indefinitely suspending attacks. There is no indication that peace negotiations would soon resume. However in the US the Dow Jones shot back up 340 points to 49,490.03 and the S&P 500...
Headliner NZX Report 20.4.26
The global oil situation provided a setback for equities during the course of Monday, when drooping oil prices suddenly rebounded following a naval stare-down in the Gulf of Hormuz. US Navy vessels halted maritime traffic through the Strait. WTI Oil fell to US$82.59 over the weekend but rose to US$87.51. Brent crude traded at US$94.62 a barrel. The NZX50 eased 23.67 at 12,882.00, while in Australia the ASX All Ords gained 1.20 at 9169.90. F&P Healthcare sank 22c to $37.38,...
Headliner NZX Market Report 15.4.26
A moderately better mood on NZX carried to the NZX50 index 59 points higher to 13,076.58 today, with a 44c surge by F&P Healthcare to $38.49 a key driver. EBOS too gained 80c at $22.85, a rise of +3.63%, Fonterra Co-op gained 16c to $4.66 +3.6% and Mercury NZ was priced 13c higher at $6.73. Contact Energy added 12c to $9.40, Colonial Motors rose 15c to $7.85and Infratil held $12.02, up 5c. Comvita announced a Rights Offer of up to NZ$30m to facilitate bank refinancing, alongside the entry...
Headliner NZX Market Report 10.4.26
On NZX today the market failed to hold its round and the NZX50 declined 92.87 points at 13,811.44. In Australia the ASX All Ords Index eased by 13.10 to 9,135.43. American markets continued to remain upbeat about the prospects for a Middle East solution, the Dow gaining 275.88 at 48,185.870 , while the S&P 500 gained 41.85 at 6824.66. NASDAQ trading continued on a firmer path, adding 187.42 points to the composite index at 22,822.42. Gold fell US$45.20 an oz to US$4,772.80. F&P...
Headliner NZX Market Report 9.4.26
The two-week ceasefire that went into force yesterday in the Iranian War, driving down oil prices, and thrusting US markets sky-high . . . is already teetering. The prospect that Middle Eastern oil producers may resume transits out of the Persian Gulf BIMCO Chief Shipping Analyst, Niels Rasmussen advised that assuming that passage through the Strait is considered safe, ships will want to leave. That hope was fast diminishing late today as Iran closed the Strait again. And Rasmussen...
Headliner NZX Market Report 8.4.26
The pause in hostilities in the Israel-US – Iran war is only a conditional two week ceasefire but it was enough to send American bombers back into their parking spaces today. The potential terror that US President Trump had threatened would fall on Iran also shackled. Equity markets gripped onto the immediate slide in the price of benchmark Brent oil, which dropped to US$94.00 a barrel. Share prices accelerated in inverse reaction to the petroleum plunge. The S & P 500 rose only 5 points...
Headliner NZX Market Report 2.4.26
The NZX market finished the short trading week on an upwards trajectory, as investors locally caught up with the gains being made on US markets. The NZX50 climbed 76.28 points to 12,902.15, against the backdrop of oil prices rocketing higher, gold sagging, US markets roaring in support of the Artemis Moon mission, and President Trump railing against Iran. Several contradictory forces in such a volatile mixture. The Aussie market could not hold yesterday’s gains and the ASX All Ords fell...
Headliner NZX Market Report 27.3.26
New Zealand equities tracked the US markets downwards on NZX today, with the NZX50 gross index slipping 41.60 pts to 19,935.39. The ASX All Ords landed 13.70pts lower at 8.712.80. The US markets have shifted from yesterday’s optimism to renewed caution, with investors rotating into a mix of energy stocks and defensives such as food and utilities, commented Devon Funds, “Although the consensus still expects progress on a deal by the weekend, the latest weakness shows that some...
Headliner NZX Market Report 26.3.26
The NZ sharemarket fell into line with the US market uplift overnight and closed up 47.69 points on the NZX5-0 at 12,(&^>99 this evening. The 13,000 threshold – surrendered in the recent sell-off – remains elusive and is tantalising close. The US markets were gripping up what strands of optimism they can around hopes of a ceasefire in the Iranian Ware – although Iran had countered the long list of conditions put to it by the US with a simple 5 points list of essentials it wants...
DHL Group lifts results in FY25
19.3.26 DHL Group successfully navigated continued trade tensions and exceeded its targets for the financial year 2025. Revenue declined 1.6% to EUR 82.9 billion, also due to currency effects and lower volumes on routes to the United States. “Thanks to active capacity management and structural cost improvements, DHL Group increased its operating profit (EBIT) 3.7% to EUR 6.1 billion, thereby exceeding its earnings guidance of at least EUR 6 billion,” said Melanie Kreis, CFO DHL Group....
Headliner NZX Market Report 11.3.26
New Zealand’s NZX market pushed the throttle today and added another 158.62 points onto the NZX50 at 12,293.13 in a show of support for a market that came through the recent interim report season in strong form overall. The talk then from company leaders was of a signs of an economic recovery starting – so it may seem unusual to see market defiance to the downstream effects from the Iranian War now in its second week. In the USA there is some uncertainty showing over the purported progress of...
Markets reacting to Iranian crisis
Financial and commodity markets are reacting to the fast-escalating regional conflict in the Middle East. ASB Bank this morning noted severe interruptions to shipping through the Strait of Hormuz, the Red Sea, and regional air routes. “Rising oil prices have ignited inflationary fears, pushing global yields higher, while global equities slump,” commented senior economist Mark Smith. Major US equity indices are down less than 1% (S&P 500 around 6,825). European shares were sharply lower...
Headliner NZX Market Report 3.3.26
There was a small slate of decliners on NZX today as the market swept upwards despite international uncertainty over the escalation of the war with Iran, including disruption to Middle East aviation activity and vessels in the Persian Gulf. The NZX50 index fell 36.44 points to 13,620.21. In Australia the ASX All Ords shed 133.40 to 9,297.20 In the United States, the Dow Jones was down 73.14 points at 48,904.78 but Nasdaq rose 80.65 to 22,748.86 and the S&P 500 added 2.74 at 6881.62....
Headliner NZX Market report 27.2.26
Despite some overseas markets pulling back today, the NZX sharemarket continued to move forward, putting on a further 52.26 points today at 13,722.97 on the NZX50. In Australia the ASX All Ords gained 26.91 to 9435.60. American markets were mixed, with another whiff of worry about the staggering capital cost of building data centres – the concern is less about today’s capex than about sinking so much into equipment that will ultimately be over-valued. The NASDAQ market fell 273.70 at...
Headliner Market Report 26.2.26
Share prices pushed sharply higher on global bourses today after the super-blue chip Nvidia filed a better than expected quarterly earnings result. There is a herculean contest taking place between chipmakers to sew up long-term contractual arrangements with data centre assets with Meta and AMD inking a circular deal this week. American markets looking for something to offset the worries over A.I. locked onto the Nvidia forecasts. The company lifted revenue 73% to $68 billion for the...
Headliner NZX Market Report 11.2.26
Major stocks sold off on NZX today but the market kept the overall impact to only a 6.40poinys fall at 13,507.28 on the NZX50 index. There was no evident effect on Australian shares from the mixed tone of the overnight session on Wall Street – the ASX All Ords index cruised 141.90 points upwards to close this evening on 9281.80. American markets were mixed with the Nasdaq board dropping 136 points to 23,102.48, the S&P 500 down 23.01 at 6942.82. The Dow Jones Industrial board...
Wild swings in gold and silver
3.2.26 In overnight trading, gold and silver fell to fresh lows before showing decent bounces and US equities are on a much better footing, reports BNZ Markets. “US Treasury yields have pushed higher and the USD is modestly stronger, with moves extended following a stronger than expected US ISM manufacturing survey.,” says Jason Wong, senior markets strategist “The ISM manufacturing composite rose a chunky 4.7pts to 52.6, its strongest level in over three years and well ahead of consensus...
Headliner NZX Market Report 15.1.26
A soggy day across the country was replicated on NZX, with the NZX50 index slipping 97.92 points to 13,659.79. Several leading stocks backtracked today with large scale asset owner Infratil carving off 41c to drop 3.53% at $11.19. Summerset came back 32c to $12.28, a fall of 2.6%, while Ryman Healthcare was two cents lower at $2.47 after a steady sales report. Ryman Healthcare reports 375 sales of retirement living occupation right agreements (ORAs) for 3Q26, including 101 new sales and...
Headliner NZX Market Report 13.1.26
A pronounced positive shift in general business confidence that emerged from the latest NZIER business opinion survey was unable to spill over into NZX trading today. Business sentiment rose to +39% in December, from +17% in September – the highest reading since March 2014. Firms’ own activity was a net -3% in December, up from -15% in September quarter. “While this was still a little below the long-run average, it was the highest reading since September 2022,” said Michael Gordon,...
US market nervous on tech stocks
15.12.25 US equities ended last week lower, with technology leading declines as investors pared back exposure to AI-related names. The Dow Jones slipped 0.5%, while the S&P 500 dropped 1.1%, and the Nasdaq slid 1.7%. Devon Funds notes this morning that Wall Street selling was concentrated in large-cap tech stocks. “Broadcom slumped 11% on cautious guidance, compounding the hit from Oracle’s earlier post results slide and reigniting worries about an overheated AI trade, retriggering a...
