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NZ stocks fall amid global volatility
The NZX 50 closed down 1.2 per cent at 5590.2 yesterday following a plunge on Wall Street overnight that saw the S&P 500 index fall almost 3 per cent.
The NZX 50 closed down 1.2 per cent at 5590.2 yesterday following a plunge on Wall Street overnight that saw the S&P 500 index fall almost 3 per cent.
NZ shares are being pummelled this morning after Wall St fell on renewed China fears.
Wall St followed the slide of equities in Europe and Asia overnight, amid mounting fears about the slowing pace of Chinese growth.
Wall St was down overnight as Fed officials left the door open for an interest rate hike this month.
Wall St rose overnight, rebounding from one of its worst slumps ever, as investors found value in beaten-down equities.
Wall St fell overnight after Fed minutes suggested interest rates may not be lifted next month.
Wall Street fell overnight amid concern about the outlook for worldwide economic growth and corporate profits.
Hinds County bucked the trend when it netted US$6.7 million in an interest rates swap deal with a New York derivatives dealer.
Wall Street moved lower overnight as Greek lawmakers prepared to vote on a proposal that would secure its third international bailout.
US retail sales slid 0.3pc in in June, the weakest since February, lowering expectations the Fed will hike interest rates in September.
Wall St and European shares fell overnight as fears about the Chinese share fire sale and its economic outlook grows.
The Greek rejection of the creditor bailout package has lead to a fall in world shares, oil and the European currency.