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CDL notes change in trading climate
10.8.22 NZX-listed property development and investment company CDL Investments New Zealand (NZX:CDI) reported an operating profit after tax of $22.90 million (2021: $20.75 million) in the June six months. This is on revenue of $47.81 million (2021: $61.27 million)....
KIwi steady on quiet session
10.8.22. It has been another quiet trading session with little newsflow, and market nerves ahead of tonight’s key US CPI report, notes BNZ Markets. US equities are lower and the US Treasuries curve shows further inversion against a backdrop of modestly higher rates....
ASX market up slightly
The Aussie market traded on a rather flat note throughout the session and finished in positive territory, with the ASX 200 up by a modest 9.2 points or 0.13 per cent, to 7029.8, noted CommSec. Gains were broad based, with the Consumer Discretionary, Technology, Real...
Global oil prices up
9.8.22 Global oil prices rose around 2% on Monday, reported CommSec, traders citing firm economic data driving prices, notably stronger export growth in China and Friday's strong US jobs report. “Despite recession fears, the data suggested that demand for oil may not...
Choppy day on US market
US sharemarkets were choppy on Monday, noted CommSec. “Investors digested news that the US$430 billion Inflation Reduction Act had passed the Senate. “Automakers rose 3-4% in response to the news with shares in Ford up 3.1% and General Motors up 4.2%. The Information...
Market report 9.8.22
A cautious but constructive session on NZX today saw a number of good gains made across a broad spectrum, whilst losses were limited. There were only a handful of falls of any note. There were 10c retreats made by Colonial Motors at $9.20, Freightways at $9.1 and...
Kiwi dolar trades higher
9.8.22 9.It has been a slow start to the week with little newsflow; the market has reversed some of Friday night’s post US payrolls reaction, seeing a broadly weaker US dollar and lower Treasury yields, comments BNZ Markets. “Overnight, the NZD and AUD have...
Small gain for ASX
8.8.22 The Aussie sharemarket managed to bounce back from this morning’s losses, with the ASX 200 lifting by 5 points or 0.07 per cent, to 7020.6, noted CommSec. Four sectors and 71 stocks finished higher, said DivalkNigam. The Mining sector climbed 1.8 per cent and...
Market report 8.8.22
There was a good range of share price moves on NZX today with the NZX50 ultimately finishing down 25.66 points at 11,702.81, due to several large declines by heavyweight stocks. EBOS peeled off 30c at $38.80, Mainfreight 26c at $78.24, Ryman Healthcare 28c at $9.26...
MOVE Logistics confirms new NZ-Tasmania ship
8.8.22 Transport and logistics group, MOVE Logistics Group has confirmed a step forward in its new Oceans business, with its first trans-Tasman sailing scheduled for the fourth quarter of 2022 MOVE has entered an agreement to acquire a vessel, the Atlas...
Market Trends
Market report 3.8.22
The NZ market broke in the opposite direction from US sharemarjet today, driving 172.57...
Market report 2.8.22
Trading was evenly balanced today and the NZX50 managed only a 6.59 points gain at 11,532.46. On...
Market report 1 August 2022
The NZ sharemarket was a very lively place from even before opening bell today with...
Market Report 29.7.22
The NZ sharemarket basked in the warmth of a positive tone for Wall Street in today’s...
Market report 28.7.22
The latest 75 basis points rise in the US cash rate overnight was seen as decisive...
Market report 26.7.22
The market was as soggy as the landscape today, with the NZX50 clocking a 32.16 points fall...
Overseas Sharemarkets
PMI nudges US equities
25.7.22 “US equities headed lower after the release of US PMI data, with the S&P500 ending...
Italy crisis shadow over Euro
21.7.22 Italian politics have come back into the limelight overnight, with Draghi’s government on...
Kiwi dollar breaks higher
20.7.22 Risk appetite is stronger overnight, with large gains in both European and US equity...
KIwi dollar moves back up
5.8.22 It’s been a relatively quiet night across markets (for a change) as investors wait on the...
Calm session for currency
4.8.22 Currency movements have been modest, but with the yen coming under pressure for a second...
Surge in rates – Kiwi lower
3.8.22 Global rates have surged as Fed speakers take control of the narrative and remind the...
Taiwan central to market focus
2.8.22 Media reports that US House of Representatives Speaker Nancy Pelosi will visit Taiwan have...
Big week for data lies ahead
1.8.22 The JPY continued its recent resurgence against a backdrop of lower US Treasury rates while...
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