News

Global markets stabilised overnight, with shares on Wall Street rallying on a strong set of earnings from retailers and as bank stocks rebounded after the Turkish lira snapped a three-week slide.

We thought we would talk about something different today given the local headlines have been dominated in recent times by talk of a property market correction.

Long term uptrend intact. But holders experience significant volatility.

Global markets were lower on Friday, with European markets falling sharply in a wave of global selling amid concerns about a deepening economic crisis in Turkey. The US dollar continues to rally versus the Kiwi and Aussie dollars on safe-haven buying. 

Will the break be to the upside or the down?

The Reserve Bank of New Zealand (RBNZ) kept the official cash rate at 1.75%. While that was widely expected, Governor Orr also said he now expects to keep rates on hold into 2020, at least a year longer than previously thought, and reiterated the next mov