![Market close: NZ stocks hold their own after sharp fall on Wall St](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Market close: NZ stocks hold their own after sharp fall on Wall St
The United States credit rating downgrade reverberated around weaker offshore bourses.
The United States credit rating downgrade reverberated around weaker offshore bourses.
The New Zealand sharemarket shrugged off weak offshore bourses.
The New Zealand sharemarket retreated more than half a per cent on light trading.
Financial Times: Surge as investors seize on falling inflation and resilient growth.
The S&P/NZX 50 Index had its best close in 10 weeks.
The defendant has again pleaded not guilty to the charge.
PLUS: How to pick recession resilient stocks.
Private equity and other opportunists want to take more New Zealand companies private, but the offers are unappealing. Plus, Salt Funds shares their 'recession resistant’ stock picks. Video / NZ Herald
Just remember Australia, Europe and the US all have politicians too.
UBI'd up for free money: The new AI economy could see us paid to not work.
If artificial intelligence takes your job, the Government could pay you an income purely for being human - that’s the future this economist expects as tech companies talk up AI in this week’s earnings. Video / NZ Herald
The power companies are due to report their results next month.
But while the local index perked up, investors are still hanging back.
Both leading stocks provided conservative statements in their AGMs.
Mainfreight shareholders have been warned to expect the impacts of a global downturn.
Financial Times: Central bank implements increase as inflation concerns linger.
Banks have blown investors out of the park, but the bar to impress may now increase.
The index failed to take any leads from positive markets offshore.
Life Pharmacy and Unichem are having to lower their prices.
The owner of Life and Unichem pharmacies is confident it can compete against an aggressively expanding Chemist Warehouse discount chain. Video / NZ Herald
Opinion: Performance and relevance of NZX under scrutiny again.
I went to South Korea and I packed... an appetite.
If you’re feeling a little confused about where global sharemarkets, you’re not alone.
Meanwhile some of the steam came out of United States stocks.
The final two of four people involved in the FMA's case receive their penalties.
Financial Times: Tech-heavy index drops most since March as jitters emerge.
Plus: Vend's financial result under new ownership.
The S&P/NZX 50 Index closed flat for the third successive day.
A Sharesies study shows we're making bigger market bets.
The NZ sharemarket made a small gain on further evidence that inflation is falling.