by Warren Head | Mar 23, 2023 | Free, NZ Market Daily Report
American sharemarkets fell overnight after the US Federal Reserve FOMC increased official interest rates by 0.25%, in the continued anti-inflation campaign despite tensions in the banking sector. The Dow Jones fell 530.49 points or 2.63% at 32,030.11. The downwards...
by Warren Head | Mar 23, 2023 | Economy, Featured, Free, Latest News
The US Federal Reserve’s Federal Open Markets Committee has stayed on course in its anti-inflation strategy – despite recent turmoil in the edges of the American banking sector - and raised the target range for the federal funds rate to 4-3/4 to 5% “Recent indicators...
by Warren Head | Mar 22, 2023 | Free, NZ Market Daily Report
There was much more positive energy flowing through the NZ sharemarket today with several leader5s bouncing upwards from recent sold-off situations. Prominent in this rally were EBOS up 123c to $45.70, F&P Healthcare up 60c to $25.75, while Restaurant Brands...
by Warren Head | Mar 20, 2023 | Free, NZ Market Daily Report
20.3.23 Financial markets have been calmed by the fast action of the Swiss authorities to see a solution to the lack of confidence in Credit Suisse, one of the world’s iconic banks. But not before a ripple from Wall Street lashed the NZX market in its opening session...
by Warren Head | Mar 17, 2023 | Free, NZ Market Daily Report
After a tumultuous week, in which the risk of a banking crisis was stared down by regulators in the US and in EU, the brighter end to the New Zealand week was a welcome relief. The Dow Jones raced 371.98 points upwards last night to 32,246.55 in positive...
by Warren Head | Mar 16, 2023 | Free, Latest News, NZ Market Daily Report
The spotlight swung onto Europe overnight where plunging shares in Credit Suisse saw the Swiss National Bank intervene to support the world famous bank. The event caused further volatility in global markets and the Dow Jones came down by 280.83 points in New...
