News

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.

Global markets were mixed overnig​h​​t as Federal Reserve policy makers gave mixed signals about their next move, after cutting interest rates by a quarter of a percentage point in a widely expected move. ​

Global markets were mixed overnight as investors awaited a widely expected Fed interest rate cut tomorrow morning AU/NZ time, while the impact of weekend attacks on Saudi Arabia’s biggest oil refinery faded.

There were plenty of oil-related movers on Monday, with airline Qantas​ & Air NZ ​falling as investors worried about higher fuel bills​.

​​​​​​​​​​​​​​​​​​​​​​​​​​​​The b​ig news over the weekend was a drone strike that knocked out ~50% of Saudi Arabia’s Aramco production.

The European Central Bank has gone for stimulus as predicted, cutting its key rate to a record low​ (th​e main refinancing rate is now negative at -0.5%)  and will restart bond purchases of €20 billion a month up to shortly before the next rate decision​.