News

Global markets​ were higher overnight ​as Wall Street’s main ind​ices broke ​a three-day losing streak following a report that the United States and China were moving closer to signing a “phase one” trade deal. ​Trade War news flow continues to drive inve

The big news across Australasia yesterday related to the bank stocks which rallied when the Reserve Bank’s new capital adequacy rules weren’t as harsh as some investors feared.

​Global markets ​were lower on Friday, to wrap up what was ​a strong month were equities, with markets around fresh all-time highs.

Global markets ​retraced overnight after Donald Trump moved to re-introduce tariffs on steel and aluminium from Argentina and Brazil.​

The Reserve Bank of Australia kept the cash rate at 0.75​% yesterday, with governor Philip Lowe saying the economy had passed a gentle turning point and that the board wanted more time to see how the current low rates played out.

Global markets rallied overnight, as US stock indices hit new record highs with reports the US and China were nearing a trade truce sparking a rally in Apple and semiconductor stocks, with sentiment also buoyed by a raft of blockbuster deals.​​

The NZX 50 index once again moved above the 11,000 level, ​as the official MSCI New Zealand Index re-weightings drove more than half a billion dollars of activity in the market’s busiest day for almost a year-and-a-half. 

​Global markets ​added to gains overnight as US market notched fresh record highs​, ​as data pointed to a resilient ​US domestic economy​.​

Wall Street ended the week on a positive note, with optimistic comments from both Xi Jinping and Donald Trump on efforts to bridge their trade differences.