Pavan Sharma

Global markets were mixed overnight, as US markets (S&P 500 +0.1%) stemmed losses following a two-day sell off.

Mining Giant BHP shares slumped yesterday, falling -7% making it the worst performer of the day despite revealing a solid underlying result.

While NZX stocks were hit on the news yesterday, most have partially rebounded this morning – selling was broad based but the retailers such as Kathmandu (unfortunate timing with its winter sale) and property stocks (such as Kiwi Property) were hit hardes

Global markets were mixed overnight, as US markets (S&P 500 +0.3%) edged higher ahead of profit results due from the major global retailers – shrugging off news of weaker than expected economic data from China.

Global markets finished the week on a positive note Friday, as US markets (S&P 500 +0.2%) closed at record highs following mixed economic data – with investors becoming less concerned around inflation fears.