Jarden Brief: Major US indices trading higher
Two per cent gain on US indices following worst week since 2020.
Two per cent gain on US indices following worst week since 2020.
The S&P NZX top 50 index puts in its strongest performance in three weeks.
The defensive nature of the New Zealand sharemarket came in handy and traded flat.
The last time bitcoin was at this level was in November 2020.
The index ended the week down nearly 5 per cent.
NZ shares prices are sharply weaker after another bad day on Wall Street.
Eurozone bonds also under pressure and pound swings against dollar
Buyers moved from the sideline and steadied the local market.
NZX50 continued its downward trend yesterday, some indices recovered overnight.
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New Zealand share prices are now in bear market territory.
All major US indices, Asian and European markets were trading lower.
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New Zealand's benchmark equity index suffered a sharp drop.
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The Australian reserve bank's dramatic 50-basis point hike flowed into NZ's market again.
New Zealand's benchmark index was flat.
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NZX data showed the value of share trades across the exchange in May was $3.87 billion.
New Zealand's benchmark share index rose with US markets.
Market news from around the world.
New Zealand's main share index rose 64.89 points, or 0.6 per cent.
The market downturn will test new investors' tolerance for risk.