News

Global markets were generally higher on Friday as US stocks notched gains (S&P 500 Index +0.3%) to register the S&P 500’s third consecutive weekly gain for the first time since December.

Global markets were up overnight, as US stocks rose (S&P 500 Index +0.9%) ending the day at it the highest level since early June.

Global markets were lower overnight (S&P 500 Index -0.3%) as Technology shares led US stocks lower for the first time in three days, with investors continuing to rotate out of this year’s top performers – particularly the major Technology businesses.

Global markets were mixed overnight, as US stocks fell (S&P 500 Index -0.9%) after a strong start to early trade to briefly reaching one of its highest levels since February 25.

Global markets were mixed overnight, as US stocks rose (S&P 500 Index +1.3%) with investors shifting towards more beaten down and cyclical names. Energy and Materials were the best performers, while the strong performing tech sector lagged behind.

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 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

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.