Fed flags unwinding balance sheet
The Federal Reserve signalled it will begin unwinding its balance sheet "relatively soon."
The Federal Reserve signalled it will begin unwinding its balance sheet "relatively soon."
NZ shares mixed, A2, Fletcher rally while Tower drops 28 per cent on merger decline.
The New Zealand dollar gained against the Aussie.
COMMENT: Is the Commerce Commission taking a tougher line on mergers?
The S&P 500 and the Nasdaq were pushed to fresh record highs.
New Zealand shares were mixed, with Fletcher Building and A2 Milk Co gaining.
The dollar briefly dipped on MPI's news of cattle disease but swiftly pared its losses.
COMMENT: August reporting season is a crucial time for local sharemarket.
COMMENT: Worrying global events keep coming but it seems markets just aren't interested.
COMMENT: When it goes down, instinct will say sell. You should buy.
Fonterra is to up its game in cream cheese with two new plants at Darfield
Wall Street was mixed as a rally in shares of Sears following its deal with Amazon.
NZ dollar pares losses against Aussie as sell-off looks overdone.
New Zealand shares fell, dragged lower by Fletcher Building hitting a six-week low.
Wall Street gained, with the S&P 500 and the Nasdaq touching record highs.
Winemakers are right behind moves to protect NZ regional names in overseas markets.
New Zealand shares rose to a fresh record, led by Westpac and ANZ.
The New Zealand dollar extended its slide against the Aussie.
New Zealand shares hit a record as weaker CPI numbers bolstered shares.
NZ dollar falls vs Aussie, 'parity party cancelled' as economies diverge.
NZ shares rose broadly, with the market led by gains from Summerset and Metlifecare.
The NZ dollar was off its highs after some comments from a central bank deputy governor.
Foreign ownership of Air New Zealand has risen in the past three years.
COMMENT: It is still the basic human needs that dominate political thought.
US stocks rallied Friday, with both the S&P 500 Index and Dow Jones reaching new highs.
Graham Darlow forfeited about $1.2m of shares. .
US Federal Reserve Chair Janet Yellen said Trump's target would be "quite challenging".