Pavan Sharma

Global markets were higher on Friday, as US stocks rose (S&P 500 Index +1.0%) and the Nasdaq posted its sixth record closing high in seven days as a positive analysis on Gilead Sciences antiviral drug to treat COVID-19 soothed investor worries over a reco

The big news yesterday was that New Zealand Aluminium Smelters – a joint venture between Rio Tinto and Sumitomo Chemical Company – gave Meridian notice to terminate the Southland smelter’s power contract when it expires at the end of August next year. 

Global markets were mixed overnight as the US market (S&P 500 +0.8%) rallied, led by the tech sector which continues to be relatively immune to the news that covid-19 cases in the US continue to rise at a record pace and concerns around further lockdowns.

Global markets were lower overnight as the US market (S&P 500 -1.1%) ending its longest streak of gains this year as covid-19 cases continue to rise.

Global markets were higher overnight, as the US market (S&P 500, +1.6%) climbed higher as data showed the services industry activity in June rebounded stronger than expected, and a revival in China’s economy boosted optimism – helping investors look past

Global markets were lower on Friday in quiet trade as the US market was closed in observance of July 4th Public Holiday.