Pavan Sharma

Global markets were mixed in very quiet trade overnight as the US markets were closed for Thanksgiving holiday.

In other news, President Xi congratulated Biden on his election victory and said China wants to advance a “healthy and stable” relationship and uphold principles of “no conflict” and “no confrontation”. It remains to be seen if the US-China relationship w

Closer to home, the Kiwi dollar lifted more than half a US cent and touched 70 cents, after finance minister Grant Robertson proposed adding house prices to the RBNZ’s mandate, dashing remaining expectations of interest rate cuts (all else equal, higher r

Gains were driven by news that AstraZeneca became the latest firm to deliver positive vaccine developments.

COVID-19 cases continue to surge on a second wave, particularly in Europe with restrictions being re-implemented. However, markets remain resilient, partly supported by vaccine hopes.

Global markets were higher overnight (S&P 500 Index +0.4%) as Wall Street fluctuated between relatively small gains & losses as investors weighted up rising coronavirus cases and new restrictions against positive news that Oxford University’s COVID-19 vac

Pfizer announced a final analysis of clinical-trial data showed its Covid-19 vaccine was 95% effective. To date, the vaccine protected people of all ages and ethnicities, with no significant safety problems in a trial that includes almost 44,000 participa

Global markets were mixed overnight (S&P 500 index -0.5%) as stocks pulled back from record highs as investor focus turned to the surge in virus cases and new lockdown measures. We think some profit taking after such a strong rally is normal.

Positive news on the Moderna Covid-19 vaccine sent shares tied to an economic reopening higher while stay-at-home tech companies lagged behind.