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...
by Warren Head | Mar 13, 2023 | Free, NZ Market Daily Report
The unfolding saga of Silicon Valley Bank hung over the New Zealand sharemarket for half of the day – until news that the US Government had promised depositors that they would get back ‘all their money’ effectively arrested the fear factor the SVB collapse had...
by Warren Head | Mar 10, 2023 | Free, NZ Market Daily Report
Ryman Healthcare ords traded at $5.28, down 16c after the completion of Ryman’s retail bookbuild. This was the final stage of Ryman’s underwritten 1 for 2.81 accelerated pro rata entitlement offer of new ordinary shares under which Ryman has raised the staggering sum...
by Warren Head | Mar 9, 2023 | Free, NZ Market Daily Report
9.3.23 The New Zealand sharemarket was mixed today with the declines heading off the gainers. The NZX50 index slipped another 29.39 points lower at 11,826.15. Some of the tone is reflective of the uncertainty on Wall Street about inflation and interest rates. This...
