by Warren Head | Mar 21, 2023 | NZ Market Daily Report
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...
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...
by Warren Head | Mar 15, 2023 | NZ Market Daily Report
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...
by Warren Head | Mar 14, 2023 | NZ Market Daily Report
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...
