News

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.

Tensions in HK continue to escalate, which saw Asian markets down significantly yesterday.

Global markets sold off overnight, as reports that the US and China are unlikely to reach a trade agreement this year saw markets extend losses.

Global markets were mixed overnight as shares on Wall Street hovered around record levels after Washington’s move to grant an extension for US companies to do business with China’s Huawei helped ease some concerns around US-China trade relations.