Cracks in US Treasury market could spell trouble for the system
FT: Analysts say unwinding of 'relative value' trades could exacerbate a sell-off.
FT: Analysts say unwinding of 'relative value' trades could exacerbate a sell-off.
Financial Times: Wall St's late sell-off came on top of Europe's worst-ever single day.
The New Zealand dollar hit a 10-year low after more turmoil emerged on financial markets.
With companies having gorged on cheap money, a reckoning may be coming
Investors fled the market after Trump's Europe travel ban.
The kiwi was trading at 62.58 US cents at 5pm.
The local benchmark index ended the day down.
The kiwi was trading at 62.85 US cents at 5pm.
New Zealand share prices opened firmly after Wall Street stocks partly rebounded.
Regional markets showed signs of levelling out a rout in US markets overnight.
New Zealand shares bounced back from a sharp sell-off in early trading.
The kiwi was trading at 63.23 US cents at 5pm.
India's Mukesh Ambani, who began the week as Asia's richest person, lost US$5.7 billion.
As turmoil hits the market, here are a few tips to avoid rash decisions.
Local stocks will brace for the impact of the oil crash and coronavirus.
Markets climb stairs during good times but take elevator when they drop.
US stocks plunged 7 per cent shortly after the opening bell.
US junk bonds are likely to suffer from the Saudi Arabia's price war with Russia.
ASX tumbles 6 per cent, NZX down 3 per cent
It's been an exceptionally volatile period for markets as coronavirus bites.
Financial Times: Everyone's mad for the fund management industry's favourite acronym, ESG.
The last couple of weeks has been something of a rollercoaster ride for investors.
New Zealand's benchmark stock index reversed yesterday's gains.
The kiwi was trading at 63.13 US cents at 5:15pm.
Governments are not prepared for a truly global pandemic, experts say.
Sky Network Television led the market higher.
The kiwi was trading at 62.97 US cents at 5pm.
A change of heart by Fitch could relegate some bank capital notes to junk bond status.
Two protesters boarded a drilling rig in Marlborough Sounds late yesterday.