NZ shares advance despite quake
New Zealand shares advanced for a second day, with Fletcher Building extending its gain as fallout from Monday morning's 7.5 magnitude Kaikoura earthquake continues.
New Zealand shares advanced for a second day, with Fletcher Building extending its gain as fallout from Monday morning's 7.5 magnitude Kaikoura earthquake continues.
The New Zealand dollar gained as US bonds rose in Asia, capping a selloff that drove yields to their highest levels this year and dragged the greenback up with them.
Share market investors are expected to be "gun-shy" and hold off from big trades until they believe the aftershocks are over.
The New Zealand dollar was little changed, holding its ground against the US greenback.
US Treasuries dropped, while the greenback strengthened amid expectations Trump will boost spending and inflation.
Kiwis are losing millions a year to illegal investment scams that the Financial Markets Authority is trying to crack down on.
The New Zealand sharemarket held up well today, but the worst could be yet to come as aftershocks threaten the country.
New Zealand shares rose, led by companies that stand to benefit from earthquake repairs such as Fletcher Building and Metro Performance Glass.
The New Zealand dollar continued to fall after the magnitude 7.5 earthquake in the upper South Island.
It was perhaps the most surprising trade in a record-setting week on Wall Street.
What made that lemon especially bitter was telling the very satisfied teller that I was doing it so that the children could view their KiwiSaver balances online.
COMMENT: If Trump carries out his trade and defence threats, NZ would face the risk of slower global economic growth, higher interest rates and fewer capital flows.
Trump's election victory this week ignited a frenzy of buying in industrial metals.
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The New Zealand sharemarket ends weaker and well short of its recent record high as the reality of higher bond yields in a post US-election world starts to sink in.
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The New Zealand dollar fell as the election of Donald Trump to the White House stoked volatility across financial markets.
Bond markets in NZ have been heavily sold raising the possibility that the market's 35-year bull run may finally be reaching its end.
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The NZX-50 index jumped by 3.3 per cent in the opening minutes of trade.
After the US S&P stock futures plunged 5 per cent, then gained 1 per cent in a flip flop seen across the markets.
Travellers are being warned to expect major currency volatility today as markets react to Donald Trump's victory.
Wall Street rose, bolstered by pharmaceutical stocks, after an upset victory for Republican candidate Donald Trump in the US presidential election.
COMMENT: Brace yourself for a global economy that is about to get horribly, horribly complicated, writes Liam Dann.
Australian shares have plunged to a four-month low and lost $35 billion in value with Asian markets joining the rout.
The 'resentment vote' could see markets controlled by governments rather than central banks, says a leading economist.