
Liam Dann: Economy caught in the cross currents
News on jobs and dairy prices a worry when Govt spending is at low ebb
News on jobs and dairy prices a worry when Govt spending is at low ebb
Investment watchdog the Financial Markets Authority has given the Government an exemption from rules around share floats, allowing it to give more detail on its plan.
Disappointing jobs numbers from both sides of the Atlantic weighed on equities overnight, a day after they reached a four-year high on Wall Street.
Online shopping will reach a saturation point of around a fifth of the entire market, say retail researchers.
New Zealand shares had a mixed day yesterday. Companies which have enjoyed the best rallies this year, including Telecom, paced the decline.
A slew of worrying news from Europe hammered equities in the euro zone and on Wall St overnight. The euro suffered too.