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EU woes linger over world markets
Worries over the fate of the euro and the EU's member states continue to drag on the single currency and equities in Europe and on Wall Street.
Worries over the fate of the euro and the EU's member states continue to drag on the single currency and equities in Europe and on Wall Street.
Investor reaction to an update from Air New Zealand last month has pushed the company's stock to its lowest level in more than two years - and it is still searching for the runway with shares closing down 1c yesterday at 88c.
The euro has fallen to an 11-month low versus the US dollar and global equities are extending losses on Wall St.
Equities on both sides of the Atlantic dropped overnight on disappointment the European Central Bank won't be boosting its bond purchases to help ease the euro zone's fiscal crisis.
Sharesies CEOs Leighton, Sonya & Brooke Roberts speak about the company and its purpose this year. Video / Sharesies
Stocks were mixed overnight as investors weighed a round of warnings by credit rating agency Standard & Poor's in two days that would boost borrowing costs throughout the euro zone.
World share markets are down, with worries about Europe overwhelming good economic data from the US.
Six out of 11 analysts who cover Fletcher Building shares have cut their 2012 and 2013 earnings forecasts.
World share markets are up after central banks from Europe, Japan and North America agreed to cut the cost of US dollar funding.