News

​​Global markets ​dropped sharply overnight, with the major US markets all down over -1% and European markets under further selling pressure with the German market down nearly -3%.

Tthis afternoon sees a decision by the Reserve Bank of Australia – with the market expecting an interest rate cut (75% chance), following a strong hint by Governor Lowe in his last speech.​

The ASX jumped yesterday in the afternoon after the Reserve Bank of Australia decided to lower its cash rate by 0.25% to a record low 0.75%.

Global markets were higher overnight, reversing Friday’s losses as the US market heads for its third monthly gain in four, following a weak August. 

This week’s stock market movers podcast discusses Pushpay & Plexure Guidance. Fonterra Pays some Debt. Moa gets into the Pizza Game.

The Reserve Bank ​on NZ ​kept the official cash rate at 1​.00% yesterday, in line with expectations, although the commentary by the policy committee was not as dovish as some had anticipated.

Global markets sold off overnight as political turmoil in the US whipsawed shares after a report said Democrats would announce a formal impeachment inquiry amid the Ukraine controversy.

Over the weekend saw the first major All Blacks world cup game stream on Sky Sport, and the stream did not go smoothly.

This week’s podcast discusses Comvita, Restaurant Brands, Kathmandu and Briscoes. To listen CLICK HERE.