News

the Australian sharemarket jumped to a new record high on Tuesday, surpassing the previous milestone it set more than 11½ years ago.

Companies are halfway through with corporate earnings season and the slowdown in profit growth isn’t as severe as analysts initially forecast.

​For the week ahead, the big focus for investors will be the US Federal Reserve’s interest rate decision on Thursday morning (AU/NZ time).

Tech giants Alphabet (Google) and Amazon have just reported earnings results after the close, with Alphabet currently up +8% on a strong announcement

We have decided to exit our ​NZ model portfolio ​holding in what has been a poor performing NZR.

​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​Global markets continued to rally overnight, lifted by upbeat quarterly reports from Coca-Cola and United Technologies.

Global markets were mostly in positive territory overnight as tech stocks rallied on Wall Street with quarterly results in focus. 

Wall Street’s​ main indices managed to end the session a touch higher. The big news was Netflix which we discuss below. 

US stock indexes retreated for the second day​, with​ weak results from CSX Corp ​putting ​pressure​ on​ railroad stocks and highlight​ing the wide-ranging impact of the protracted trade war between the United States and China.