News

The Euro Stoxx 50 index rose by 1.1% to a fresh record high, although the broader European ended the session higher is still just shy of the February 2000 peak.

Investors evaluated the level of ripple effect from a forced block trade for financial markets, with bank shares falling sharply amid warnings of potential losses from a hedge fund’s default on margin calls.

Global markets rebounded on Friday (S&P 500 index +1.7%) as Wall Street rallied into the close with technology, healthcare and financial stocks providing the biggest boost.

NZ Dollar weakness continues (with the NZD currently trading at 69.5 cents versus the USD) as RBNZ rate hike bets get eased post the Government housing policy that was announced Tuesday.

The chart shows that the stock has an entry support at $10.52 and strong support at $10.00. The recent selloff looks overdone and seems to have been contained at $10.00 from where the stock has recovered back to current level of $10.52. We see this is a g

The chart shows that there is a key resistance @ $1.33 and the stock has tried twice to break this level. But the attempt has been weak and it has reversed back twice to touch $1.12 mark. There is a parallel sideways channel created in the past 6 months w

share price has been falling since August last year and we see a strong valuation support at the current level of $10.00. The stock touched $8.92, its lowest point in 2 years.