The Latest
‘Wettest half ever” says Mercury NZ
26.1.23 9.35am Mercury NZ’s latest quarterly operational update for the December 2022 quarter notes that it was the “wettest first half ever” for the energy gentailer. The company also notes Electricity spot prices collapsed during Q2, but Futures Prices are at or...
Kiwi dollar eases and AUD adds
The NZ dollar pushed a touch lower overnight extending yesterday’s mild underperformance. BNZ Markets’ senior market strategist Jason Wong commented, “NZD took a look at 0.6450 and opens this morning around 0.6470. AUD added more than 1% after the AU CPI, but gave up...
Aussie market snaps winning streak
The Australian sharemarket’s five-day winning streak (longest in six months) came to an abrupt end due to hotter than expected inflation, with the ASX 200 slipping by 22.1 pts or 0.3 per cent to 7468.3. It was a tentative start to trade, with the market running on the...
NZX Market Report 25.1.23
A relatively quiet day for the NZ sharemarket with an overall gain of 61.59 points on the NZX50 index to 11,994.51 driven by firming energy shares as a sector insulated from any recessionary fall-out. LIC released a half year result showing increased revenue but lower...
Higher revenue in LIC half-year
25.1.23 Livestock Improvement (LIC) has released a strong half-year result for the 2022-23 financial year, despite cost pressures, confirming it is on track to deliver a year-end result in line with expectations and guidance previously provided to the market....
Restaurant Brands sales up
25.1.23 Restaurant Brands’ total sales for the fourth quarter to 31 December 2022 increased to $332.0m (up 16.9% over the equivalent period last year), as sales recovered from the impacts of the 2021 COVID-19 outbreak in New Zealand and Australia. The sales data did...
Inflation under expectations …just
25.1.23 While inflation remained strong in December, it has fallen short of the RBNZ’s expectations. As a result, Westpac now expect a lower peak in the Official Cash Rate. The Consumers Price Index rose 1.4% in the December quarter. That left the annual inflation...
Kiwi dollar range-bound
The 3.55% level for the US 10 year proved a step too far and brought out buyers, with the bond currently down 2bps for the day, notes BNZ Markets. Currency moves have been modest, with the NZD is tracking close to 0.65. US equities are slightly weaker after the big...
Aussie market higher for 5th day
24.1.23 For the first time in six months the Australian sharemarket has finished higher for a fifth straight day, with the ASX 200 lifting by 33 pts or 0.44 per cent to 7490.4., says CommSec. While tomorrow’s December quarter update on Australian inflation (CPI) has...
NZ Market Report 24.1.23
Trading was quiet on NZX today, with the NZX50 shifting 15.50 points lower at 11,932.92 as economic news swirled around the market and the new leadership of the Labour-led coalition settled into building relationships. Overnight, the Dow Jones rose 254.07 to...
Market Trends
NZ Market 18.1.23
The NZ sharemarket was lugged higher again today by heavyweight stocks, landing the NZX50 index on...
NZ Market Report 17.1.23
The sharemarket was impervious today to the latest NZIER Q4 Quarterly Survey of Business Opinion...
NZ Market Report 16.1.23
The NZ sharemarket has stepped firmly into the new trading week with the NZX50 gaining 56.80...
NZ Market Report 13.1.23
The NZ sharemarket has finished the week strongly as markets overseas also had more...
NZ Market Report 12.1.22
The NZ sharemarket trudged 27.89 points higher today at 11,664.88 on the NZX50 Gross Index....
NZ Market Report 11.1.23
The NZX market continued a slow descent today, F&P Healthcare shed 13c at $23.25 and EBOS was...
Overseas Sharemarkets
Commodity currencies outperform
On Friday, risk appetite improved as the US stock market opened, driving strong gains in...
Bankers post div increase in turbulent times
19.1.23 9.00amNZT This past year has been one of the most turbulent in recent history, Simon...
US markets optimistic
US sharemarkets were higher on Tuesday, as investors bet the upcoming December Consumer Price...
US economic date to the fore
US equities, rates and the USD are all modestly higher, supported by a headline GDP print that was...
‘Wettest half ever” says Mercury NZ
26.1.23 9.35am Mercury NZ’s latest quarterly operational update for the December 2022 quarter...
Kiwi dollar eases and AUD adds
The NZ dollar pushed a touch lower overnight extending yesterday’s mild underperformance. BNZ...
Inflation under expectations …just
25.1.23 While inflation remained strong in December, it has fallen short of the RBNZ’s...
Kiwi dollar range-bound
The 3.55% level for the US 10 year proved a step too far and brought out buyers, with the bond...
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