NZ Market Report 21.3.23

The NZ sharemarket reflected the weekend uncertainty on global financial markets today with a slate of declines by the end of the trading call. It was slightly askew thus with the US market rebounding strongly overnight, to put on 382.60 pts at 32,244.58, +1.20%, by...

NZ Market Report 20.3.23

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...

NZ Market Report 17.3.23

    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...

NZ Market Report 16.3.23

  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...

NZ Market Report 15.3.23

Markets rallied today as the fast action by the US Treasury to quarantine the collapsed Silicon Valley Bank calmed nerves on American markets.  A relatively modest increase in US CPI of 0.4% (6% annualised) also cooled concerns that the US Federal Reserve may continue...

NZ Market Report 14.3.23

The Silicon Valley Bank collapse continues to reverberate through US financial markets.. Last night’s New York market was erratic with the Nasdaq higher but the Dow Jones and S&P 500 in negative territory. The Dow close -90.50 points or -0.08%, at 31,819.14. The...